The Real Estate Encyclopedia
Deficiency
Category - Real Estate Glossary - Real Estate Terminology

In a foreclosure sale of a secured property, those funds still needed to completely release the defaulting borrower after the lender has been paid, the accrued interest, the foreclosure expenses and any damages incurred have been paid.

Also see Deficiency Judgement.

 

 
Category(s)
Real Estate Glossary - Real Estate Terminology
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