Finance
In NC, a 'deficiency judgment' after foreclosure allows a lender to:
AForeclose again on the same property
BPursue the borrower personally for the remaining loan balance not satisfied by the foreclosure sale✓ Correct
CTake the borrower's personal property without notice
DReport the deficiency only to credit bureaus
Explanation
After a foreclosure sale, if the property sells for less than the outstanding loan balance, the lender may seek a deficiency judgment to recover the remaining balance from the borrower personally.
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