When a lender uses a deed of trust to secure real estate financing, the lender normally cannot recover the difference between what the lender is owed for the remaining balance of the loan versus what the lender recovers by retaking the property via a foreclosure and re-selling the property. This difference is known as a:
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When a lender uses a deed of trust to secure real estate financing, the lender normally cannot recover the difference between what the lender is owed for the remaining balance of the loan versus what the lender recovers by retaking the property via a foreclosure and re-selling the property. This difference is known as a:
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