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How does an owner financed lender get a deficiency judgement & how is the amount decided?

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sueherska Joined: 17 Nov 2009 Posts: 1 1.00 Dollars($)	Posted: Tue Nov 17, 2009 4:14 pm    Post subject: How does an owner financed lender get a deficiency judgement Like 0 Dislike 0 I have a rental property that I am in default in & I may be foreclosed on. The property values have plummeted so much that I am upside down in my mortgage.
jameshogg Joined: 20 Dec 2005 Posts: 10148 Location: Nevada 941.94 Dollars($)	Posted: Tue Nov 17, 2009 8:41 pm    Post subject: Like 0 Dislike 0 Hi sueherska, As far as I know, the details about the deficiency judgment and the amount decided upon would be mentioned in your owner finance agreement. You will have to check out the agreement and get to know the details. Thanks

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