Watkins Realty Group - San Diego, CA

Deficiency Judgment Chart

Deficiency Judgment Chart

This legal chart is intended to provide a quick and easy guide to determine when a borrower may be liable for a deficiency judgment. There are other factors and conditions which may change the result (such as fraud by the borrower and bad faith waste). For more details see the legal article, Deficiency Judgments and California Law.

Residential 1 - 4 units, Owner Intends to Occupy a Unit in the Secured Real Property			Other Real Property
Lender Purchase Money Loan ↓	Seller Financed Purchase Money Loan ↓	Refinance (Non-Purchase Money Loan) ↓	Lender Purchase Money Loan ↓	Seller Financed Purchase Money Loan ↓	Refinance (Non-Purchase Money Loan) ↓
NO deficiency judgment Cal. Code Civ. Proc. § 580b	NO deficiency judgment Cal. Code Civ. Proc. § 580b	YESdeficiency judgment if judicial foreclosure NO deficiency judgment if trustee's sale foreclosure Cal. Code Civ. Proc. § 580d	YESdeficiency judgment if judicial foreclosure NO deficiency judgment if trustee's sale foreclosure Cal. Code Civ. Proc. § 580d	NO deficiency judgment Cal. Code Civ. Proc. § 580b	YESdeficiency judgment if judicial foreclosure NO deficiency judgment if trustee's sale foreclosure Cal. Code Civ. Proc. § 580d

For a copy of this chart, click here.

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