Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Alabama?

Yes, if a property is sold at a foreclosure sale for an amount that is less than what the borrower owes the lender then the lender may sue the borrower for a deficiency judgment in order to try to collect the money that is still owed to the lender after the foreclosure sale.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

Additional Foreclosure and Alternatives Articles

Search LawInfo's Foreclosure and Alternatives Resources