Get the free DEFIC IE NCY JUD GMENT - Judiciary of New York - nycourts

At Part of the Supreme Court of the State of New York, held in and for the County of Kings, at the Courthouse, at Civic Center, Brooklyn, New York, on the day of, 2010 PRESENT: HON. , Justice X DEFICIENCY

How to fill out defic ie ncy jud

How to Fill Out Deficiency Jud?

1. Start by gathering all necessary information related to the deficiency judgment. This includes the case number, the name of the judgment debtor, the amount of the judgment, and any other relevant details.
2. Make sure you have a copy of the original judgment from the court. This will provide you with important information such as the date of the judgment, the court that issued it, and any specific instructions for filling out the deficiency judgment form.
3. Review the deficiency judgment form carefully to understand the specific requirements and sections that need to be filled out. Pay close attention to any instructions or guidelines provided by the court.
4. Begin by providing your personal information as the party filling out the form. This may include your name, address, contact information, and any other details requested by the form.
5. Next, fill in the information of the judgment debtor. This should include their name, address, and any other relevant details. Double-check the accuracy of the information to ensure it matches the original judgment.
6. Specify the amount of the judgment and any interest or additional fees that may have accrued. Use the original judgment as a reference to ensure accurate information.
7. Provide any additional information requested by the form, such as the reason for the deficiency judgment or any supporting documentation that needs to be attached.
8. Carefully review the completed form for any errors or missing information. Ensure that all sections have been filled out accurately and completely.
9. Sign and date the form as required. Follow any additional instructions provided by the court regarding submission or filing of the form.

Who needs Deficiency Judgment?

1. Borrowers who have been foreclosed upon and owe a remaining balance after the sale of the property may need a deficiency judgment. This applies when the proceeds from the foreclosure sale were not enough to pay off the outstanding debt.
2. Lenders who wish to pursue legal action in order to collect the remaining balance from the borrower may initiate the process of obtaining a deficiency judgment.
3. Creditors who have obtained a judgment against a debtor and want to pursue further legal action to collect the outstanding debt may also need a deficiency judgment.

In summary, anyone involved in a foreclosure or unpaid debt situation where there is a remaining balance to be collected may require a deficiency judgment.

For pdfFiller’s FAQs

What is deficiency jud?

Deficiency judgment is a court ruling that allows a lender to recover the remaining balance of a loan if the sale of the collateral does not cover the full amount owed.

Who is required to file deficiency jud?

The lender or creditor is typically required to file for deficiency judgment after the collateral has been sold.

How to fill out deficiency jud?

To fill out a deficiency judgment, the lender needs to provide details of the original loan, the sale of the collateral, and the remaining balance owed.

What is the purpose of deficiency jud?

The purpose of deficiency judgment is to allow a lender to recover the remaining amount owed by the borrower after the collateral has been sold.

What information must be reported on deficiency jud?

The deficiency judgment must include details of the original loan amount, the sale of the collateral, and the calculation of the remaining balance owed.

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