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Deficiency Judgments After Foreclosure

When a property is sold at a foreclosure sale, the total amount that the borrower owes to the bank sometimes exceeds the foreclosure sale price. The borrower’s total debt minus the sale price is called a "deficiency." In some states, the foreclosing bank can ask a court for a personal judgment—called a “deficiency judgment”—against the borrower for the amount of the deficiency. Below, you can find out if deficiency judgments are allowed in your state.

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What Are the Deficiency Judgment Laws in Washington, D.C.?
In the District of Columbia, the bank may get a deficiency judgment against the borrower if the foreclosure sale proceeds aren’t sufficient to pay off the mortgage debt. ... READ MORE
What Are Utah's Deficiency Judgment Laws?
In Utah, if you go through a foreclosure, but the sale price doesn't cover the balance of your mortgage debt, the foreclosing bank might come after you for the "deficiency." ... READ MORE
Kentucky Deficiency Judgment Laws
Are deficiency judgments after home foreclosures allowed in Kentucky? Yes. ... READ MORE
Nebraska Deficiency Judgment Laws
If you lose your Nebraska home to a foreclosure, but the sale proceeds don't fully repay your mortgage balance, the bank might come after you for the deficiency. ... READ MORE
North Carolina Deficiency Judgment Laws
The foreclosing bank may generally obtain a deficiency judgment following foreclosure, but not under certain circumstances and the deficiency amount might be limited. ... READ MORE
Maryland Deficiency Judgment Laws
Learn about deficiency judgments in Maryland. ... READ MORE
Oregon Deficiency Judgment Laws
Learn whether you're likely to face a deficiency judgment after a Oregon foreclosure. ... READ MORE
Wyoming Deficiency Judgment Laws
If you lose your home to a foreclosure in Wyoming and the sale price doesn’t pay off the mortgage balance, the foreclosing bank can come after you for the difference. ... READ MORE
South Carolina Deficiency Judgment Laws
Learn about deficiency judgments after South Carolina foreclosures. ... READ MORE
 

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