Deficiency Judgment Archives - Reid Real Estate Group

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Deficiency Judgments in CT : What happens to the remaining debt in your Connecticut short sale or foreclosure? Did you know a lender may pursue this debt? Find out how to avoid a deficiency judgment!

August 28, 2017

WILL I OWE MONEY AFTER A SHORT SALE?

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One of the most common concerns my sellers have is whether they will owe money after their short sales are closed. While Connecticut allows lenders to pursue borrowers for deficiencies when properties end up in foreclosure, short sales are a different story. Short sales give sellers the opportunity to avoid foreclosure by selling for less than what is owed, and […]

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