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

Yes, a lender may recover from a deficiency judgment from a borrower. All amounts previously paid on the mortgage and the amount earned from the foreclosure sale must be applied to the debt before the lender can determine the amount to sue for in a deficiency judgment.

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.

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