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

If a lender pursues a foreclosure sale through the non judiciary foreclosure process then the lender has no right to sue the borrower for a deficiency judgment if the lender is still owed money on the mortgage after the foreclosure sale.
However, the lender may retain the right to collect a deficiency judgment if the foreclosure was a judicial foreclosure that was administered through the court system.

Speak to an Experienced Foreclosure and Alternatives Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.

Additional Foreclosure and Alternatives Articles

Search LawInfo's Foreclosure and Alternatives Resources