Will I be liable for any remaining debt after a foreclosure?
In some cases, yes. If the foreclosure sale does not generate enough money to pay off the remaining balance on your mortgage, you may still be responsible for the difference, also known as a deficiency balance. Some states have anti-deficiency laws that protect homeowners in this situation, but it is important to consult with a foreclosure attorney to understand your rights and options.
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Frequently Asked Questions
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