Does Virginia Allow Deficiency Judgment? The difference between the sale price and the total debt is called a “deficiency balance.” Many states, including Virginia, allow the lender to get a personal judgment, called a “deficiency judgment,” for this amount against the borrower. Which states allow deficiency judgments? What States Allow Deficiency Judgments? Most states allow
What Are The Foreclosure Laws In Pennsylvania? In Pennsylvania, the lender has to send you (the borrower) a notice of intent to foreclose at least 30 days before starting a foreclosure. The notice must give you the chance to catch up on the payments, called “curing the default.” The Pennsylvania Supreme Court ruled in the
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
Does Florida Allow Deficiency Judgments? Does Florida allow deficiency judgments? In Florida, the lender may obtain a deficiency judgment as part of the foreclosure action if the borrower was personally served with the foreclosure complaint. The lender may also file a separate lawsuit against the borrower for a deficiency judgment unless the court denied one