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    me4u's Avatar
    me4u Posts: 2, Reputation: 1
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    #1

    Oct 23, 2007, 08:16 PM
    Writ Of Posessession
    Can the lender seek a deficiency judgement after a personal property foreclosure?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Oct 24, 2007, 09:57 AM
    Hello me:

    I'm not sure what you're asking about. But, if a foreclosed upon house sells or is auctioned off for less than a borrower owes, then YES the lender will sue.

    excon
    me4u's Avatar
    me4u Posts: 2, Reputation: 1
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    #3

    Oct 24, 2007, 10:13 AM
    Quote Originally Posted by me4u
    Can the lender seek a deficiency judgement after a personal property forclosure?
    The lender on my automobile got a writ of pocessession on the auto. They have been returning my payments for the last 4 months. They are terminating our contract and I have to return the auto. I was current on the day that the writ was granted. It is not a repocessession.
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