12-22.A kind of judgment that a lender can seek in court after a default which results in a loss is:

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A deficiency judgment is a type of judgment that a lender can seek in court after a borrower defaults on their loan and the property is sold in a foreclosure sale, but the proceeds from the sale are not enough to cover the outstanding balance on the loan. The deficiency judgment allows the lender to seek the remaining balance from the borrower, typically through wage garnishment or other legal means.

12-22A Kind of Judgment That a Lender Can Seek in Court