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deficiecy judgement

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apollo Guest	Posted: Tue Aug 25, 2009 7:10 am    Post subject: deficiecy judgement I live outside Florida but own a home in Florida. I'm faced with having to walk away from it. What specific actions can the lender take against my wagea, bank account etc. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jenkin7 Joined: 04 Jun 2007 Posts: 3430 Location: Hawaii 514.35 Dollars($)	Posted: Wed Aug 26, 2009 2:19 am    Post subject: Hi apollo, Florida is an anti-deficiency state. The anti-deficiency statutes prohibit the lenders from seeking deficiency judgment against borrowers. If they cannot get a deficiency judgment against you, they cannot garnish your wages or come after your personal bank accounts. However, the anti-deficiency statutes do not apply to every situation. You need to consult a foreclosure attorney to find out if the statutes are applicable in your situation and if your lender can come after you for the deficiency.

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