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Market Conditions in Farmington : Real Estate Advice

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Mon Jul 7, 2008
Cameron Piper answered:
https://www.revisor.leg.state.mn.us/statutes/?id=582.30&year=2007&keyword_type=exact&keyword=deficiency+judgment

It appears that the vast majority of the time a foreclosure by advertisement will result in the loss of the lender's right to a deficiency judgement. However, there are some exceptions to that rule of which people facing that situation should be aware. That statute is very complicated and as such I would recommend that anyone reading this because they may be facing foreclosure contact an attorney to find out what your specific rights are.

Cameron Piper
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