If a lender pursues a foreclosure sale through the non judiciary foreclosure process then the lender has no right to sue the borrower for a deficiency judgment if the lender is still owed money on the mortgage after the foreclosure sale.
However, the lender may retain the right to collect a deficiency judgment if the foreclosure was a judicial foreclosure that was administered through the court system.
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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.