Following a foreclosure sale, a secured creditor may seek a monetary judgment for the deficiency amount that remains owed to it by the borrower. If the creditor was the successful bidder at the foreclosure sale, it has the...more
- Broker Price Opinions Deficiency Judgments Fair Market Value Foreclosure Secured Creditors
During a deficiency proceeding, once a creditor introduces the foreclosure sale price, the borrower technically has the burden of presenting evidence to establish the fair market value of the property. In the absence of such...more
- Appraisal Bids Competitive Bidding Creditors Deficiency Judgments Documentary Stamp Tax Expert Testimony Fair Market Value Foreclosure
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