Loans, Debt & Credit - View Single Post - Florida Recourse/non-recourse? Anti-deficiency?

Enough Already · 07-13-2009, 04:36 PM

Unfortunately, that's correct. FL is a recourse state and the mortgage company will likely get a deficiency judgment right along with the foreclosure.

We're in FL too, and we've decided to try for a short sale, or wait until the foreclosure happens and try to negotiate a settlement with the bank.

Sorry to give you the bad news.

07-13-2009, 04:36 PM	#6 (permalink)
Enough Already Senior Member Join Date: Jan 2009 Location: FL Posts: 526 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Florida Recourse/non-recourse? Anti-deficiency? Unfortunately, that's correct. FL is a recourse state and the mortgage company will likely get a deficiency judgment right along with the foreclosure. We're in FL too, and we've decided to try for a short sale, or wait until the foreclosure happens and try to negotiate a settlement with the bank. Sorry to give you the bad news.