Deficiency Judgment

Mortgage, Deficiency Judgment

From the book The Clergyman’s Hand-book of Law, about Mortgage, Deficiency Judgment (1): Where a mortgage had been foreclosed against church property before the congregation was incorporated, a deficiency judgment can not be rendered against such church corporation.412 But where a congregation was incorporated after a debt had been incurred and took charge of the property, it assumed the debt.413

Resources

Notes and References

1. Charles M. Scanlan, The Clergyman’s Hand-book of Law. The Law of Church and Grave (1909), Benziger Brothers, New York, Cincinnati, Chicago

See Also

• Religion
• Church