 TITLE: What Happens If I Don’t Pay a Deficiency Balance? CONTENT: When a lender seizes property from you, whether it's your home, your vehicle or other property, they will typically sell it to recover the remaining balance on your loan. But the sale may not cover the full amount you owe, including any new fees you may have incurred.\nWhen the sale of your property falls short of covering your full balance, the remaining debt becomes a deficiency balance, which you could be required to pay.\nSome of the most common events that result in a deficiency balance include foreclosure, deed-in-lieu of foreclosure and a short sale. When it comes to your car, you could have a deficiency balance after having your vehicle repossessed or after you voluntarily surrender your vehicle. END