In rem is incomplete: Re-thinking a common foreclosure practice
By Michael G. Cortina, Amber L. Michlig, & Stephen J. Butler
Commercial Banking, Collections, and Bankruptcy,
February 2013
This article argues that an in rem deficiency only applies in certain circumstances and concludes that if an in personam deficiency is sought in the complaint and not granted, the court leaves open the ability of the plaintiff to later sue the debtor again in order to obtain a personal judgment for the amount of the deficiency.
Taking deficiency judgments in foreclosure
By Stephen J. Butler
Commercial Banking, Collections, and Bankruptcy,
July 2011
A discussion of the legal standard for entry of a deficiency judgment and a look at the common roadblocks used by courts in denying them.
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