Foreclosure
Deficiency Judgment
A concise definition for the California Real Estate Exam study guide.
Definition
A court judgment for the unpaid balance remaining after foreclosure proceeds are applied to the debt. California anti-deficiency statutes limit deficiency rights in many situations.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 10: Foreclosure & Distressed Property →