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Florida Foreclosure deferment

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dcbaer1 Joined: 03 Aug 2010 Posts: 1 1.30 Dollars($)	Posted: Tue Aug 03, 2010 11:31 am    Post subject: Florida Foreclosure deferment Like 0 Dislike 0 I have a townhouse that has incurred over $40,000 in special assessments as a result of the hurricanes. We have been unable to pay, and as a result, the Condo Association is sueing for Foreclosure to reclaim this money. In Florida, if the sale of the home at auction is less than the balance of the mortgage and special assessments, can I request a deferment from having to pay the deficiency?
jerry Moderator Joined: 17 Oct 2005 Posts: 2708 Location: MICHIGAN 429.63 Dollars($)	Posted: Wed Aug 04, 2010 2:33 am    Post subject: Like 0 Dislike 0 Hi dcbaer, In Florida, the lender can come after you for the deficient balance resulting from the sale of the property. You can request the lender to forgive the deficient balance but it would be his discretion whether or not he would consider your request. Thanks, Jerry

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