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What else can I help you with?
Can lender pursue deficiency judgment for the difference after a short sale?
Some states allow deficiency judgments after the short sale. Some states allow deficiency judgments after repossession or foreclosure. Each state has its own rules.
Which US states allow deficiency judgments?
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.
Does Pennsylvania allow deficiency judgments on care repossessions?
well britney spears favorite color is pink
Does New York allow deficiency judgments in auto repo cases?
YES...imagine if they didnt, who would buy a car anywhere else???
What us states allow collection of deficiency balances?
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.
What strategies allow us to solve problems and make judgments efficiently are called?
heuristics
Can you file bankruptcy if you have charged off and judgment accounts 10 years ago?
If those are the only debts, the question becomes, what is the statute of limitations on the debt and the judgments. Some states limit judgments to ten years, some twenty, and some of the ten-year states allow extension of collection on the judgment to another ten years. If the debts and judgments are no longer collectible, why file? Nothing prevents you from filing, however.
Does Florida allow drug tests in divorce proceeding?
Yes Florida, and any state, do allow all these tests.
Simple thinking strategies that allow us to solve problems and make judgments efficiently are called?
fixations
Does the state of Illinois allow mortgage companies to sue for a deficiency judgment after the foreclosure?
yes
Does Indiana have a anti deficiency law?
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.
What could a judgment creditor do if you do not have property or assets in Florida?
Florida does allow wage garnishment and bank account levy assuming the funds are not those protected under federal or state law. Generally the creditor will hold the judgment until the debtor does acquire property or assets that can be seized. Judgments accrue interest as long as they are open this means the debt will increase as time passes.
