Deficiency Judgment

Definition of "Deficiency judgment"

Judicial finding that the debtor owes an amount exceeding the value of the collateral put up for the defaulted loan.

Search Real Estate Glossary

Related Real Estate Glossary terms

Municipal Insurance

Property and/or liability coverage for a municipality. Municipalities are responsible for maintenanc ...

Automobile Physical Damage Insurance

Coverage in the event an insured's automobile is damaged, destroyed, or lost through fire, theft, va ...

Key Employees, Insurance Plans For

Typical non qualified plans of life insurance for key employees include: permanent life insurance d ...

Low-income Housing

Housing specifically intended for those people living below a specified income level. Low-income hou ...

Pyramid Roof

Roof having four triangular sides forming a point at the top of a pyramid. A pyramid roof is primari ...

Assessed Value

Monetary worth of real or personal property as a basis for its taxation. This value, established by ...

Related Real Estate FAQ

What Do I Need To Know About Business Insurance?

Commercial insurance is designed to help protect many of the risks your business can face, including ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Gue ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Rent or Buy - the pros and cons What Must I Disclose When Selling My Home? What do Real Estate Attorneys do? How To Get A Loan with Bad Credit Mortgage Loan Types

FAQ

What is title insurance? Do I need Earthquake Insurance? What is Freddie Mac? What is an escrow officer? What is an agent?