Law & Legal Issues
Income Garnishment
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When you are foreclosed on can the lender garnish your wages for the difference in the amount owed and the selling price?



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Short answer, probably. Longer answer, after the property has been sold at auction, the remaining debt still remains and the lending institution could seek payment through court. Once the court acknowledges the debt the judge may allow the lending institution to attach your wages. It depends on the laws in your state but generally the answer is yes.