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DECLARATION in SUPPORT of DEFICIENCY JUDGMENT on Ventura Courts Ca  Form

DECLARATION in SUPPORT of DEFICIENCY JUDGMENT on Ventura Courts Ca Form

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not surprisingly blenders like to get their money back and we all know they should get paid back but sometimes you just can't pay right away lighters won't hesitate to take whatever recourse is needed within the boundaries of the law and sometimes they even blur that line it's best for you to know where that line is so you can protect yourself let's take the example of having to default on your mortgage which then leads to a foreclosure on your home not an ideal situation but hey at least the headache is over right well we're not necessarily if the value of your foreclosed home is less than the amount you owe then the lender can pursue an action to obtain the amount you are short or deficient directly from you if the lender obtains a judgment for that shortfall or deficiency it is called a deficiency judgment for example if you owed the lender $300,000 but your home is only worth two hundred and fifty thousand dollars the deficiency is fifty thou

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