What is a deficiency judgment in real estate? In foreclosure cases, a deficiency judgment is a court order allowing a lender to collect the remaining mortgage balance when the proceeds from the sale ...

Q. I understand that there are a number of debt types that cannot be discharged through bankruptcy. What can be discharged, and what can't? Can a deficiency judgment on a commercial loan be discharged ...

According to 1301 of the RPAPL, a lender seeking to recover a single mortgage debt secured by one or more properties for which a person or entity is, at least in part, personally liable is generally ...

Expert Opinion Real Estate Four Pillars of Remedies for the Mortgage Loan in Default Under New York law, lenders can accelerate the debt, foreclose on the property, appoint a receiver to manage it, ...