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will I loose my primsry residence after a foreclosure on a rental property in florida?

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Icon Mini Profile lajoyita33





Joined: 21 Feb 2009

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Post Posted: Sat Feb 21, 2009 7:14 pm    Post subject: will I loose my primsry residence after a foreclosure on a r
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will I loose my primsry residence after a foreclosure on a rental property in florida?...will my homestead exemption save me from having creditors come after my home after a foreclosure on an investment property in florida?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
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Post Posted: Mon Feb 23, 2009 12:11 am    Post subject:
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Hi lajoyita,

I don't think you will lose your primary residence after the foreclosure on your rental property. But the lender will be able to place a lien on your primary property if you cannot pay the deficient amount resulting from the foreclosure.

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