How Long After Foreclosure Can Bank Sue For Deficiency? To get the deficiency judgment, the bank has to file an application with the court within three months of the foreclosure sale. The judge will then hold a fair value hearing to determine the property’s value. When can a lender obtain a deficiency judgment? Deficiency Judgments
When Can A Lender Obtain A Deficiency Judgment Against A Borrower In Florida? Florida allows deficiency judgments: If the borrower was personally served with a foreclosure complaint, deficiency judgments may be obtained by the lender. The lender also has the option to file a separate lawsuit for deficiency, unless the court says otherwise. When can
Does Indiana Allow Deficiency Judgments? Does Indiana allow deficiency judgments? The difference between the sale price and the total debt is called a “deficiency balance.” Many states, including Indiana, allow the lender to get a personal judgment, called a “deficiency judgment,” for this amount against the borrower. Generally, deficiency judgments are allowed in Indiana. Which