Legal Question in Real Estate Law in Michigan

Can a 2nd mortgage holder recover assets from the borrower other than the deeded property in a foreclosure procedure?


Asked on 9/10/09, 10:40 pm

1 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

Yes- This is called a deficiency judgment and they have the same rights as a first mortgage holder in this regard. Visit www.kliszlaw.com to discuss further. Tim Klisz

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Answered on 9/15/09, 10:50 pm


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