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Is Tennessee an anti-deficiency state?

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dixie_devil Joined: 26 Jan 2009 Posts: 2 2.03 Dollars($)	Posted: Mon Jan 26, 2009 9:58 am    Post subject: Is Tennessee an anti-deficiency state? Bank is demanding payment of balance, and I sure don't have it if I had to have my home foreclosed. I even lost my $20,000 down payment when they foreclosed, yet they still insist I owe more. I think they could have sold the home for more than they did.
Niicss Joined: 03 Oct 2005 Posts: 2618 Location: New Jersey 409.18 Dollars($)	Posted: Tue Jan 27, 2009 1:11 am    Post subject: Hi dixie_devil, As far as I know, Tennessee is a state wherein the lenders can sue the borrowers for the deficient amount. You can also check out the given link, wherein one of our community member has answered your other query: http://www.mortgagefit.com/problems/pay-balanceloan.html#74762 Thanks. _________________ Good is the Enemy of Great.

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