Resource Library

Free Online Legal Resources

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

Yes, a lender can sue a borrower for a deficiency judgment if the amount of the foreclosure sale did not fully satisfy the property loan. However, when determining the amount of money owed to the lender, the buyer is credited with the full fair market value of the property even if the foreclosure sale was completed for less than full market value.

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

Find an Attorney in Your Area