Legal Topics

Mortgages — Foreclosure — Sale — Deficiency judgment — Calculation — Fair market value determined, after consideration of testimony regarding condition of home

May 11th, 2021 in News by admin

Mortgages — Foreclosure — Sale — Deficiency judgment — Calculation — Fair market value determined, after consideration of testimony regarding condition of home, unique nature of community and impact the community’s membership rules have on values of properties located within the community, and fact that home was encumbered by various liens — Addition of amount of liens which were paid by plaintiff and which were not part of original foreclosure judgment is appropriate — Motion for deficiency judgment granted