Deficiency judgments in Tennessee are:

Option A is incorrect because Tennessee does not prohibit deficiency judgments. The state allows lenders to pursue deficiency judgments after foreclosure if they follow proper legal procedures. This means a lender can potentially seek the difference between the foreclosure sale price and the outstanding loan balance. The misconception may arise from confusion with anti-deficiency laws in some states, but Tennessee has no such blanket prohibition against deficiency judgments when proper foreclosure procedures are followed.

Deficiency judgments are not automatic in Tennessee or any state. They require a separate legal process where the lender must prove the amount of the deficiency and obtain a court judgment.

Deficiency judgments in Tennessee apply to both residential and commercial properties, not just commercial ones. The type of property doesn't determine whether a deficiency judgment is available.