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Anestetic [448]
3 years ago
10

If the proceeds from the sale of a foreclosed property are less than the amount required to satisfy the outstanding mortgage loa

n debt and legal expenses, the grantor may be responsible for what?
Social Studies
1 answer:
mars1129 [50]3 years ago
3 0

Answer:

Deficiency judgment.

Explanation:

A deficiency judgment is basically a ruling made by a court against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the debt in full.

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