text: If the loan was a Deed of Trust, it is stunningly rare for there to be a deficiency judgement. It is only likely if there is fraud involved or if the lien holder thinks that you have a lot of other money hidden away. Instead of the simple 120 day foreclosure, he has to go to a judge and file suit based on the note. It doesn't happen unless the lender thinks it will be really worth their time. \n\nLeigh M\nPortland\nhttp://www.LeighMaynard.com\nI am a realtor in Oregon and Washington\n\nPS -- If you are behind on your loan and may lose the house, please email me off list. I know someone who may be able to stop the foreclosure and help save your credit.  You can email me from my website. Best wishes!