deficiency judgement

listen to the pronunciation of deficiency judgement
English - Turkish
Teminatın (rehnin) paraya çevrilmesini müteakiben alacağın teminatsız kalan kısmının talep edilmesi üzere Mahkemece tesis edilen karar
English - English

Definition of deficiency judgement in English English dictionary

Related Terms

deficiency judgment
The judgement against a person when they default on a mortgage and the sale of the property does not fully satisfy the obligation The amount of the judgement is usually the unsatisfied portion of the loan
deficiency judgment
A personal judgments levied against the mortgagor under the terms of the note, when a mortgage foreclosure sale does not produce sufficient funds to repay the mortgagee the outstanding loan balance, interest and costs
deficiency judgment
A personal claim based on a court order against a borrower (mortgagor) for difference between what is owed the lender (mortgagee) and the amount realized following a foreclosure on the property The deficiency occurs when the prop fails to sell at foreclosure for a price which covers the outstanding mortgage amount Some mortgages, particularly commercial loans, are written so that the lender recourse only against the property (non- recourse mortgage) and thus, if the prop fails to sell at foreclosure for the amount owed, no personal judgment can brought against the borrower
deficiency judgment
A personal judgment in a judicial foreclosure action for the remaining amount due after a sale of the security
deficiency judgment
Decision requiring a borrower to pay the lender the difference between the mortgage balance and the amount realized at the foreclosure sale
deficiency judgment
A personal judgment against the borrower for the remaining balance on the loan after a foreclosure sale
deficiency judgment
A judgment given when the security pledged for a loan does not satisfy the debt upon its default
deficiency judgment
Personal claim against the debtor when the sale of foreclosed property does not yield sufficient proceeds to pay off the loan(s) and accrued interest
deficiency judgment
A court order to pay the balance owed on a loan if the proceeds from the sale of the security are insufficient to pay off the loan
deficiency judgment
A court order to pay the balance owed on a loan if the proceeds from the security are insufficient to pay the loan Deficiency judgments are not allowed in all states
deficiency judgment
Personal claim against the debtor when the sale of foreclosed property does not yield sufficient proceeds to pay off the mortgages, accrued interest, legal fees, etc
deficiency judgment
Commonly, the amount for which the borrower is personally liable on a note and mortgage if the foreclosure sale does not bring enough to cover the amount owed Actually, the judgment is for the total amount of the obligation and not for the deficiency Any recoveries from a foreclosure sale are deducted from the judgment
deficiency judgment
A personal judgment levied against the borrower when a foreclosure sale does not produce sufficient funds to pay the mortgage debt in full
deficiency judgment
A judgment given when the security pledge for a loan does not satisfy the debt upon its default
deficiency judgment
>> The imposition of personal liability on a borrower for the unpaid balance of a mortgage secured loan after foreclosure has failed to satisfy the full amount due to the lender
deficiency judgment
Personal claim against the debtor when the sale of foreclosed property does not yield sufficient proceeds to pay off the mortgages
deficiency judgment
Commonly, the amount for which the borrower is personally liable on a note and mortgage if the foreclosure sale does not bring enough to cover the debt Actually the judgment is for the total amount and not for the deficiency, the recovery from the foreclosure sale being deducted from this amount
deficiency judgment
If the foreclosure sale does not bring sufficient proceeds to pay the costs of sale and the note in full, the holder of the note may obtain a judgment against the maker for the difference
deficiency judgment
Commonly the amount for which the borrower is personally liable on a note and mortgage if the foreclosure sale does not bring enough to cover the debt Actually the judgment is for the total amount and not for the deficiency, the recovery from the foreclosure sale being deducted from this amount
deficiency judgment
A Judgment levied against the borrower personally for the balance of a mortgage debt when a foreclosure sale fails to generate funds to satisfy the debt's outstanding balance
deficiency judgment
A personal judgment in a judicial foreclosure action for the remaining amount due after the sale of the security
deficiency judgment
A judgment granted, the injured party, for the balance of a debt owed when the proceeds from the foreclosure sale of the security or collateral are insufficient to satisfy the remaining unpaid debt
deficiency judgment
A court order against the mortgagor/grantor (borrower) to pay the balance owed on a loan if the proceeds from the foreclosure sale are insufficient to pay off the loan
deficiency judgment
Imposition of personal liability on a borrower for the unpaid balance of mortgage debt after a foreclosure has failed to yield the full amount of the debt
deficiency judgement

    Hyphenation

    de·fi·cien·cy judge·ment

    Turkish pronunciation

    dîfîşınsi cʌcmınt

    Pronunciation

    /dəˈfəsʜənsē ˈʤəʤmənt/ /dɪˈfɪʃənsiː ˈʤʌʤmənt/
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