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.

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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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