well Britney Spears favorite color is pink
Some states allow deficiency judgments after the short sale. Some states allow deficiency judgments after repossession or foreclosure. Each state has its own rules.
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Many states allow deficiency judgments in one kind of foreclosure, but not another. Often, a deficiency can be pursued in a judicial foreclosure, but not if a power of sale clause is used to auction a home outside of the court process. Homeowners should look up their own state laws and type of foreclosure being used against them.The following list should be taken as a guide and not as legal advice or as particularly relevant to one borrower's case.These states allow deficiency judgments without limits in certain kinds of foreclosure:AlabamaAlaskaConnecticutDelawareDistrict of ColumbiaFloridaHawaiiIllinoisIndianaKentuckyLouisianaMarylandMassachusettsMissouriNew HampshireOhioRhode IslandTennesseeVirginiaWashingtonWyomingThese states allow deficiency judgments with certain limits on the amount that can be granted in a judgment:ArizonaArkansasCaliforniaColoradoIdahoIowaKansasMaineMichiganMinnesotaMississippiNebraskaNevadaNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOklahomaPennsylvaniaSouth CarolinaSouth DakotaTexasUtahVermontWest VirginiaWisconsinDeficiency judgments are not allowed on residential properties in Oregon under judicial foreclosure proceedings, and at all in power of sale foreclosures.
YES...imagine if they didnt, who would buy a car anywhere else???
In the United States, the ability to collect deficiency balances after a foreclosure varies by state. Most states allow lenders to pursue deficiency judgments, but some have restrictions or specific conditions. For instance, states like California and Arizona have laws that limit or prohibit deficiency collections on certain types of loans. It's essential to consult state-specific laws for accurate and detailed information.
State law does not allow wage garnishment for creditor debt. It does allow garnishment for child support, spousal maintenance (alimony), federal and/or state taxes; and in some instances judgments pertaining to personal injury and/or property damage.
heuristics
Yes
no i doubt it
fixations
yes
Anti deficiency laws are laws in a state that prohibits lenders from suing borrowers for deficiencies. In Indiana there are conditions that allow for Judgements to be issued.