Legal Question in Banking Law in Maryland
in maryland are borrowers responsible for negative money owed that is not recovered in foreclosure sale
Asked on 2/10/11, 5:06 pm
1 Answer from Attorneys
Phillip M. Cook
Cook Legal Services, LLC
It's called a "deficiency", and yes, lenders can pursue deficiencies not recovered in the foreclosure.
Best of luck.*****The above is for informational purposes only and does not create an attorney-client privilege.********
Answered on 2/10/11, 5:08 pm
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