A deficiency judgment is a court order that allows a lender to collect remaining debt when the collateral doesn't cover the full amount owed. With a mortgage, this can happen when the proceeds from a ...

In a February 11, 2022 Order, the Court of Common Pleas of Washington County granted a Petition to Compel Satisfaction of Liens under the Deficiency Judgment Act (“DJA”) filed by a junior judgment ...

A mortgage judgment in Florida does two things – it sets the amount owed to the lender, and it orders the sale of the mortgaged property and applies the proceeds to pay down the debt. Where the sale ...

A mortgage debtor assumes a double risk: the risk of losing the mortgaged property for a default under the obligation secured by the mortgage, plus the risk of being saddled with personal liability ...

Premier filed suit against the attorneys and firm for "failure to diligently protect plaintiff's rights as a second creditor in two separate matters, which resulted in the loss of plaintiff's secured ...

The previous owners of a downtown Chicago parking garage were cleared of paying nearly $10 million tied to a foreclosure, after a Cook County judge eliminated a previous deficiency judgment against ...