There is no guarantee that the lender will always try to collect the deficiency judgment. Yes, having a judgment doesn’t mean the lender will surely collect it. After all, lenders will have to spend enough to pursue the collection. Only if you’ve enough bank balance, steady source of income or other real estate properties, then your lender may try to collect the judgement.

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Home buying is a daunting task and if you are a first-time buyer, then you will hardly know much about the loan market. You will have to shop around thoroughly and search for genuine lenders who will provide you mortgage …

5 Important questions a buyer should ask a lender when purchasing house Read more »

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