Antideficiency statutes are used to prohibit deficiency judgments on second mortgages.

Name: Antideficiency statutes are used to prohibit deficiency judgments on second mortgages.
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Antideficiency statutes are laws that limit or prohibit lenders from suing borrowers for deficiencies after a foreclosure or repossession, but they are not specifically used to prohibit deficiency judgments on second mortgages alone; their application can vary by jurisdiction and can apply to first mortgages as well.

Antideficiency Statutes Are Used to Prohibit Deficiency Judgments on Second