Lender’s Right to Personal Deficiency Judgment: Use It (Correctly) or Lose It

Lenders beware: if a complaint for mortgage foreclosure seeks a personal deficiency judgment against a borrower based on the borrower’s obligations under a note and mortgage, be certain to obtain the right to a personal deficiency judgment in the foreclosure judgment and a personal deficiency judgment in the order confirming sale. If your mortgage foreclosure complaint does […]