Idaho Complaint or Petition to Recover Deficiency after Sale under Trust Deed or Deed of Trust

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US-01525BG
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A deficiency judgment is typically in an amount equal to the difference between the funds received from a court sale of property and the balance remaining on a debt. Deficiency judgments are commonly issued when a property owner fails to pay amounts owed on a mortgage and the property securing the mortgage is sold to satisfy the debt, but the proceeds from the sale are less than the amount owed.


Deficiency judgments are not allowed in all states. In order to get a deficiency judgment in most states, the party owed money must file a suit for judicial foreclosure instead of just foreclosing on real property. However, some states allow a lawsuit for a deficiency after foreclosure on the mortgage or deed of trust. Local laws should be consulted for specific requirements in your area.

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  • Preview Complaint or Petition to Recover Deficiency after Sale under Trust Deed or Deed of Trust
  • Preview Complaint or Petition to Recover Deficiency after Sale under Trust Deed or Deed of Trust
  • Preview Complaint or Petition to Recover Deficiency after Sale under Trust Deed or Deed of Trust
  • Preview Complaint or Petition to Recover Deficiency after Sale under Trust Deed or Deed of Trust

How to fill out Complaint Or Petition To Recover Deficiency After Sale Under Trust Deed Or Deed Of Trust?

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(1) In case of a dispute as to the amount of wages due an employee, the employer shall pay, without condition and within the time set by this chapter, all wages, or parts thereof, conceded by the employer to be due, leaving to the employee all remedies the employee might otherwise be entitled to, including those ...

Idaho Code Section 6-108 applies to mortgages and prohibits deficiency judgments "in any amount greater than the difference between the mortgage indebtedness, as determined by the decree, plus costs of foreclosure and sale, and the reasonable value of the mortgaged property, to be determined by the court in the decree ...

Although about 60% of the US states are mortgage states, Idaho is considered a deed state. A deed of trust is an agreement between a beneficiary, grantor, and trustee. A deed is signed to a trustee as a form of security to ensure that the performance of obligation is fulfilled.

No employer shall discharge or in any other manner retaliate against any employee because that employee has made a complaint to the employer, or to the department, or filed suit alleging that the employee has not been paid in ance with the provisions of this chapter, or because the employee has testified or may ...

Although about 60% of the US states are mortgage states, Idaho is considered a deed state. A deed of trust is an agreement between a beneficiary, grantor, and trustee. A deed is signed to a trustee as a form of security to ensure that the performance of obligation is fulfilled.

Idaho law states that an agricultural commodity producer or dealer who sells or delivers agricultural products (such as hay, grain, corn, oats, straw, etc.) has a lien on those products and the proceeds from the subsequent sale of those products (Idaho Code § 45-1802).

45-1502. Definitions ? Trustee's charge. As used in this act: (1) "Beneficiary" means the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or his successor in interest, and who shall not be the trustee.

The court may not render judgment for more than the amount by which the entire amount of indebtedness due at the time of sale exceeds the fair market value at that time, with interest from date of sale, but in no event may the judgment exceed the difference between the amount for which such property was sold and the ...

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Idaho Complaint or Petition to Recover Deficiency after Sale under Trust Deed or Deed of Trust