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Under_H20 · 10-08-2009, 03:24 PM

Is the deficiency determined by what you owe on loan minus the amount the home is auctioned for at the court steps? Do they use fair market value minus the amount owed on loan? How is the deficiency determined?

10-08-2009, 03:24 PM	#1 (permalink)
Under_H20 Member Join Date: Jul 2009 Posts: 25 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	How is the deficiency determined? Is the deficiency determined by what you owe on loan minus the amount the home is auctioned for at the court steps? Do they use fair market value minus the amount owed on loan? How is the deficiency determined?