If a property sold at a court foreclosure does not sell for an amount sufficient to satisfy the outstanding mortgage loan debt, the mortgagee may sue for:

deficiency judgement

Explanation: A borrower be sued for deficiency judgement by a court based on the borrower's inability to pay back a loan. A deficiency judgement indicates that the sale of the property in which the borrower intends to repay the loan is not enough to clear the loaned amount. Thus, the property has been sold for less than the amount required to pay the borrower's debt in full. A deficiency judgement is usually used by the mortagee as a means of getting further payment from the borrower.

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .

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