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Deficiency Judgement Timeframe

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kelliejo3 Joined: 09 Sep 2009 Posts: 2 1.00 Dollars($)	Posted: Fri Sep 11, 2009 7:00 am    Post subject: Deficiency Judgement Timeframe Like 0 Dislike 0 If my primary residence is in foreclosure and the bank files for a deficiency judgement how long can they try to legally collect this judgement once the foreclosure is complete? I live in the state of Florida and also live on a retirement...can they dock my retirement for any difference in the amount of foreclosure and what is actually owed?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Fri Sep 11, 2009 9:16 pm    Post subject: Like 0 Dislike 0 Hi kelliejo! Welcome to forums! The lender can sue you for the deficient amount just after the foreclosure. However, the lender will not be able to garnish your retirement account in order to recover their dues. As far as I know, it is against the federal laws. Feel free to ask if you've further queries. Sussane
blair Guest	Posted: Thu Sep 30, 2010 7:43 pm    Post subject: materialmanlienforcloser Like 0 Dislike 0 when there has been no forcloser for the past three years no sale posted ect. does this issue become null and void
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Sun Oct 03, 2010 8:49 pm    Post subject: Like 0 Dislike 0 Hi blair, As far as I can understand, though no sale date has been posted, the foreclosure does not become null and void. You can request the lender to sell off the property asap so that you can get rid of it. _________________ Procrastination is the enemy of your financial success

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