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.********

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Answered on 2/10/11, 5:08 pm


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