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What Is A Mortgage Deficiency Judgment? What options exist for splitting up a home during a divorce? | Kathy D. Sheive Attorney at Law Brainly.com – For students. By students. – Go from questioning to understanding Brainly is the knowledge-sharing community where 150 million students and experts put their heads together to crack their toughest homework questions.Avoiding Deficiency Judgments in Illinois Foreclosure Cases. – That means mortgage companies have recourse; they can recover the deficiency from the homeowner, even after the house is lost to foreclosure sale. Illinois is also a judicial foreclosure state. That means mortgage companies must go to court, receive a judgment, and hold an auction in order to foreclose on a homeowner’s property.
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