A(n)________ is a judgment of a court that permits a secured lender to recover other property or income from a defaulting debtor if the collateral is insufficient to repay the unpaid loan.

Question

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A deficiency judgment allows a secured lender to seek additional recovery from a defaulting debtor if the collateral provided by the debtor is not enough to pay off the outstanding loan balance. This is commonly used in foreclosure actions. The other options, summary judgment, lien release, and in rem judgment, do not involve recovery of additional property or income from a defaulting debtor.

A(n)________ Is a Judgment of a Court That Permits a Secured