Finance
Under Texas law, a deficiency judgment after foreclosure allows a lender to:
AForce the sale of the borrower's homestead to collect the deficiency
BSue the borrower for any remaining loan balance after the foreclosure sale proceeds are applied✓ Correct
CPlace a lien on the homestead for the deficiency amount
DGarnish the borrower's wages in all circumstances
Explanation
After a non-judicial foreclosure in Texas, the lender may obtain a deficiency judgment for the amount remaining after the foreclosure sale proceeds, but this judgment generally cannot be enforced against a Texas homestead. Non-homestead property may be pursued.
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