Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

loan default

Author Message
Guest









Post Posted: Tue Jan 06, 2009 11:36 am    Post subject: loan default
Like 0
Dislike 0

If I default on my mortgaged Florida home can my other assets in Ct. be attached?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Wed Jan 07, 2009 12:22 am    Post subject:
Like 0
Dislike 0

If you default your mortgage payments for a property located in Florida, then the lender will foreclose that property. If you cannot pay the deficient amount resulting from the sale of the property, then the lender can place lien on your other property.
_________________
Procrastination is the enemy of your financial success
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.049 seconds.