Deficiency Judgment legal definition of Deficiency Judgment. Deficiency Judgment synonyms by the Free Online Law Dictionary.

An assessment of personal liability against a mortgagor, a person who pledges title to property to secure a debt, for the unpaid balance of the mortgage debt when the proceeds of a foreclosure sale are insufficient to satisfy the debt.

Legislation enacted during the Depression still restricts the availability of deficiency judgments in several states. In some jurisdictions, deficiency judgments are proscribed in certain situations, while in other states, they are limited to the amount by which the debt exceeds the fair market value of the property. Waiver, the intentional relinquishment of a known right, of the benefits conferred by antideficiency legislation contravenes public policy and is ineffective.

deficiency judgment n. a judgment for an amount not covered by the value of security put up for a loan or installment payments. In most states the party owed money can only get a deficiency judgment if he/she chooses to file a suit for judicial foreclosure instead of just foreclosing on real property. Some states allow a deficiency action after foreclosure on the mortgage or deed of trust. The right to a deficiency judgment is often written into a lease or installment contract on a vehicle. There is a danger that the sale of a repossessed vehicle will be at a wholesale price or to a friend at a sheriff's sale or auction, leaving the debtor holding the bag for the difference between the sale price and remainder due on the lease or contract. (See: foreclosure, judicial foreclosure)

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deficiency deficient foreclosure judgment judicial foreclosure mortgage	46 in late fees The bank notes that: "Barnett is liable for the full payment of all accrued and unpaid interest, including payment of any deficiency between the amount finally adjudged to be due and owing on the consolidated mortgage and the amount realized from the foreclosure sale or sales of the mortgaged property, up to the amount of the guaranteed interest payments, for which a deficiency judgment is being sought by this action against Barnett. Bank foreclosing on Extell site by Geiger, Daniel / Real Estate Weekly We agreed to forego our claim for a deficiency judgment against the borrowers and guarantors, which we concluded was in our Company's best interest based on our belief that any potential recovery from a deficiency judgment would not significantly exceed, and might even be less than, the costs of obtaining and collecting such deficiency judgment. Developers, BOZ reach settlement in lawsuit by Patton, Susannah / Arkansas Business This means that if foreclosure is done using the non-judicial method, a second action to recover a deficiency judgment is not allowed. How California Mortgages Are Foreclosed and How Loan Modification Can ... by Dustin Rohde / Finance and Investment community	defensio Defensive allegation defensive arms defensive clothing defensive equipment defensive evidence defensive plea defer defer to deference deferential deferentially deferment deferral deferre deferred deferred payment defiance defiance of custom defiance of danger defiance of orders defiance of precedent defiant deficere deficiency Deficiency Judgment deficient deficient in reason deficient work deficit defile defiled defilement definability definable define define limits define location defined defined meaning defining definire definite definite carelessness definite form Definite number definite procedure definitely definiteness definition Definition of TRIAL - STRICKEN DUE TO INTERLOC APPEAL?	deficiency anemia deficiency anemia deficiency arch length deficiency arch length deficiency arch length deficiency arch length deficiency arch length Deficiency Category Deficiency Correction Plan Deficiency Corrective Action Program deficiency disease deficiency disease deficiency disease deficiency disease deficiency disease Deficiency disease, Phenylalanine Hydroxylase Deficiency disease, Phenylalanine Hydroxylase Deficiency disease, Phenylalanine Hydroxylase Deficiency diseases Deficiency diseases Deficiency diseases Deficiency Dividend Deficiency Dividends Deficiency In Allowance Deficiency In Allowance List Deficiency in Wave Tightness deficiency index Deficiency Item Management System Deficiency judgement Deficiency judgement Deficiency Judgment Deficiency letter Deficiency Letters Deficiency List Deficiency Log Deficiency of a curve Deficiency of Heart Qi Syndrome Deficiency of Heart-Yin Syndrome deficiency of sweating Deficiency of Uridine Monophosphate Synthase Deficiency of Vitamin K-Dependent Clotting Factors deficiency protein deficiency protein deficiency protein Deficiency Report Deficiency Report Entry and Mail System Deficiency Report Management System Deficiency Reporting and Investigating System Deficiency Reporting Log System Deficiency Reporting System Deficiency Review Board deficiency symptom Deficiency Tracking System Deficiency Trend Analysis & Reporting Deficiency/Discrepancy Report deficient deficient deficient deficient diet deficient diet deficient diet

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deficiency
deficient
foreclosure
judgment
judicial foreclosure
mortgage

46 in late fees The bank notes that: "Barnett is liable for the full payment of all accrued and unpaid interest, including payment of any deficiency between the amount finally adjudged to be due and owing on the consolidated mortgage and the amount realized from the foreclosure sale or sales of the mortgaged property, up to the amount of the guaranteed interest payments, for which a deficiency judgment is being sought by this action against Barnett.

Bank foreclosing on Extell site by Geiger, Daniel / Real Estate Weekly

We agreed to forego our claim for a deficiency judgment against the borrowers and guarantors, which we concluded was in our Company's best interest based on our belief that any potential recovery from a deficiency judgment would not significantly exceed, and might even be less than, the costs of obtaining and collecting such deficiency judgment.

Developers, BOZ reach settlement in lawsuit by Patton, Susannah / Arkansas Business

This means that if foreclosure is done using the non-judicial method, a second action to recover a deficiency judgment is not allowed.

How California Mortgages Are Foreclosed and How Loan Modification Can ... by Dustin Rohde / Finance and Investment community

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Deficiency Category
Deficiency Correction Plan
Deficiency Corrective Action Program
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Deficiency disease, Phenylalanine Hydroxylase
Deficiency disease, Phenylalanine Hydroxylase
Deficiency disease, Phenylalanine Hydroxylase
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Deficiency Dividends
Deficiency In Allowance
Deficiency In Allowance List
Deficiency in Wave Tightness
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Deficiency judgement
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Deficiency Judgment

Deficiency letter
Deficiency Letters
Deficiency List
Deficiency Log
Deficiency of a curve
Deficiency of Heart Qi Syndrome
Deficiency of Heart-Yin Syndrome
deficiency of sweating
Deficiency of Uridine Monophosphate Synthase
Deficiency of Vitamin K-Dependent Clotting Factors
deficiency protein
deficiency protein
deficiency protein
Deficiency Report
Deficiency Report Entry and Mail System
Deficiency Report Management System
Deficiency Reporting and Investigating System
Deficiency Reporting Log System
Deficiency Reporting System
Deficiency Review Board
deficiency symptom
Deficiency Tracking System
Deficiency Trend Analysis & Reporting
Deficiency/Discrepancy Report
deficient
deficient
deficient
deficient diet
deficient diet
deficient diet