What does this mean? (Foreclosure Documents)?
Jurisdiction over this action is retained to enter such further Orders to give Plaintiff adequate and complete nouns as may be necessary and proper, including the entry of a deficiency decree if borrower(s) have not been discharged in bankruptcy or constructively served, together next to additional attorney's fees, if appropriate.
Does this mean a deficiency judgement could be avoided if collapse if filed??
It means the note holder retains the right to catch a deficiency judgment (including all the concomitant fees) if crucial to make it whole.
Filing bankruptcy stays adjectives actions (formal or informal) against the estate of the debtor. So, if you file bankruptcy during the pendency of the foreclosure deed, it will halt the foreclosure action, but probably only temporarily. The note holder will run to bankruptcy court to lift the stay and proceed, and the court will probably grant it. That will append fees owed to the note holder.
If you are dischargED in bankruptcy, that prevents the make a note of holder from getting a deficiency judgment. However, if you declare liquidation, but never get discharged, then they can still persue you.
** Note: This is a general discussion of the subject concern of your question and not legal advice. Local law or your particular situation may change the general rules. For a specific answer to your interview you should consult legal counsel with whom you can discuss all the facts of your baggage. Answering this question does not indicate an attorney-client relationship. **
iDunarr
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