Not upside down bad- deficiency judgment?

[drewout]

I own a home in South Carolina that could sell for around $110K-115K. I owe approx 95K on the 1st mortgage and 26k on the 2nd mortgage. I've fell behind on payments after my divorce costs and am trying to do what I can now to hold on to the house long enough to sell it when the housing market gets better. But I'd like to know what will happen if the lender doesn't work with me and the home forecloses. I see a lot of people in here that are WAY upside down. With this only being maybe 10K, would the banks try to get a deficiency judgment, or would it not be worth it for them? Thanks!

 

[jharris352]

Unless you have assets it is rare for them to come after a deficiency judgment.