Deficiency Judgment: You May Owe More than Your Home
- December 14, 2015
- Thomas Adam
- Foreclosures
If you’re like most people, when you hear the word foreclosure you think of the loss of a home. But when a foreclosure action is instituted against borrowers who own an underwater home, there’s also a risk that the borrower’s could lose their home and be subject to a judgment against them for money owed in addition to turning over the home. This is called a deficiency judgment. Deficiency Judgment In past Florida foreclosure blogs, we’ve briefly discussed deficiency judgments but itâ[...]