loader image
Real Estate Glossary

Deficiency judgment

inflation calculator
Richard Wilson
Written by Richard Wilson

This refers to a court ruling against a debtor that has defaulted on a secured loan. That means the fund from the sale of a property will be used to pay back the loan if it was unable to cover their outstanding debt in full.

This refers to a court ruling against a debtor that has defaulted on a secured loan. That means the fund from the sale of a property will be used to pay back the loan if it was unable to cover their outstanding debt in full.

About the author

Richard Wilson

Richard Wilson

Leave a Comment