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If you have any questions or need more detailed information, please feel free to contact me via phone at (877)SELLMYHOUSE or fill out the form to let me know how I can help with your real estate needs.

Office Location 189 Fitch Hill Rd
Uncasville, CT 06382
Mobile: (860) 550-5267
Fax: (860)838-4256

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Deficiency judgements in Connecticut

A deficiency judgment is an unsecured monetary judgment granted by the court against a homeowner or borrower whose  foreclosure sale did not produce enough money to pay the loan off in full. Are deficiency judgments permitted in Connecticut? YES.

A deficiency judgment may be obtained by your lender after foreclosure. This means that the borrower still owes the lender for the difference between what the property sold for and the amount of the loan balance. In a short sale, the one of the main objectives is to get the deficiency waived or at bare minimum decrease the liklihood that your lender will pursue you for a deficiency judgement.

There is always going to be a deficiency in a short sale, but a deficiency is not the same as a deficiency judgement. A "deficiency" refers to the actual difference between the amount owed on your loans and the total amount received/collected at the closing of a loan, wether through short sale or foreclosure. A deficiency judgment is a court judgment against the borrower for the deficiency amount.

To learn more about how to avoid a deficiency judgement in Connecticut, please contact me. 

My team and I have successfully completed short sales in every county in Connecticut with the following lenders:


Bank of America, Countrywide, GMAC, Homecomings Financial, JP Morgan Chase, WAMU, Citi, Citimortgage, Wells Fargo, Wachovia, AHMSI, Indy Mac Mortgage Services, One West Bank, Ocwen, Specialized Loan Servicing (SLS), Carrington Mortgage Services, Provident Funding, Navy Federal Credit Union, Nationstar, Greentree, US Bank, SunTrust, Aurora Loan Services, CCO Mortgage, Midland Mortgage, FHA, VA, Fannie Mae, Freddie Mac, CHFA, CHIF, and HAFA.

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