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Hi, we just sold our house by short sale in Fl. Both the first and second mortgagees agreed to the sale, we had to pay the second mortagee 4500 to agree. Neither would agree to waive their right to come after the deficiency. I am trying to find out how long they have to come after us, and what this entails (has anyone been through it), but all the info I can find is contradictory from 1) they can't come after us (which i know they can). to 2) they have 5 years.

is there anywhere that lays this out, there is nothing in hte FL statutes about shortsales just forecolsures so who makes the rules, and where are they written???

thanks, brit chick

Niicss · Posted: Thu Feb 25, 2010 2:33 am Post subject:

After a short sale, the lenders have the right to come after you for the deficient amount resulting from the sale. The lenders will not be ready to waive off their claims. The laws to claim the deficient amount from the borrower may vary from state to state. You need to contact a Florida based attorney in this regard and take his opinion.

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Short sale and deficiency judgement in Fl