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

A lender may only sue a borrower to obtain a deficiency judgment if the lender originally sued the borrower to obtain a judicial foreclosure. If the lender sought a non judicial foreclosure sale, as most California lenders do, then there is no right to sue a borrower for a deficiency judgment.

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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.

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