Re: question about foreclosure and judgement

Posted by Drew (24.59.27.46) on January 21, 2004 at 21:01:33:

In Reply to: question about foreclosure and judgement posted by becbac on January 21, 2004 at 20:54:54:

The land was sold and the difference between the selling price or what you owe if it is negative is a deficiency. The creditor will sue and get judgment for the deficiency. A judgment has to be paid and usually to the court or to the creditor whose name is on the court records for htat judgment in order for it to be released.

Follow Ups:

Post a Followup