Steering clear of a deficiency judgment. If your property sells at a foreclosure sale for under you owe on the property finance loan mortgage, the primary difference is called a "deficiency." In the majority of states (not all), the lender might get a private judgment, known as a "deficiency judgment," https://socialwebleads.com/story107538/helping-the-others-realize-the-advantages-of-can-you-stop-the-foreclosure-process