October TBJ: Did the 'Deficiency Statute' Do the Job? - Articles

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Posted by: Suzanne Craig Robertson on Oct 22, 2018

"In an apparent attempt to bring a greater degree of certainty to the law in Tennessee with respect to the matter of deficiency judgments after real property foreclosure sales," Chattanooga lawyer Richard Gossett writes in the October Journal, "the legislature enacted what has been codified as Tenn. Code Ann. § 35-5-118, effective Sept. 1, 2010 (the 'Deficiency Statute')." Gossett examines the state of the law both before and after the enactment of the Deficiency Statute and will "let the reader decide whether the legislature did indeed achieve its goal."