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

There is no right to sue a borrower for a deficiency judgment if the property at issue is a single family dwelling or a multi family dwelling with fewer than four units and the property is less than 40 acres in size. Commercial or agricultural properties that are larger than 40 acres may be subject to 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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