The mortgagee can seek a deficiency judgment if proceeds of the sale of real property do not cover the debt.

Name: The mortgagee can seek a deficiency judgment if proceeds of the sale of real property do not cover the debt.
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If the proceeds from the sale of a property under foreclosure do not cover the outstanding mortgage debt, the lender (mortgagee) can seek a deficiency judgment against the borrower for the remaining amount.

The Mortgagee Can Seek a Deficiency Judgment If Proceeds of the Sale