Maryland  |  Real Estate Law

Legal Question

Asked on: 8/29/08, 12:25 pm

Foreclosure and Deeficiency Judgments

One of my clients has a 1st and 2nd mortgage with American Home Mortgage and the lender has refused their request for a deed in lieu transaction. If they ultimately foreclose, can they come after my clients for a deficiency judgment or force them to sign a promissory note for the shortfall? Also, do you have any experience with American Home Mortgage's practices in this regard specifically?

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