Finance
A North Dakota property purchased at a foreclosure sale was sold for less than the outstanding loan balance. The lender may seek the difference through:
AA lis pendens
BA deficiency judgment against the borrower✓ Correct
CA tax lien
DAn appeal to the NDREC
Explanation
A deficiency judgment allows a lender to pursue the borrower personally for the amount of debt remaining after a foreclosure sale proceeds fall short of the outstanding loan balance. North Dakota law governs when deficiency judgments are allowed.
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