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out of state owners

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Icon Mini Profile mmvartanian





Joined: 15 Oct 2010

Posts: 1

1.24 Dollars($)
Post Posted: Fri Oct 15, 2010 1:22 pm    Post subject: out of state owners
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if I default on my condo in Florida, well it affect my holdings in California...?
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4834
Location: New Jersey
508.88 Dollars($)
Post Posted: Mon Oct 18, 2010 3:14 am    Post subject:
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Your default on a Florida based property will not affect your property located in California. However, if the Florida based lender files a lawsuit against you in California, then he can place a lien on your California property.
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