Legal Question in Bankruptcy in Florida
Mortgage
I am a Florida resident who invested in a condo 4 years ago at 138.000 and they are now selling the ones that are in foreclosure at $40.000.What if any penalties would I have to pay if I just up and leave like the other 95 out of 292 have.I am also in a association that keeps having to raise the fees because of people leaving.
Thanks
Jim
Asked on 11/20/08, 11:27 am
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Re: Mortgage
You could be sued for the amount of the mortgage they can't recover at a foreclosure auction. Also, they'll likely put the foreclosure on your credit.
Answered on 11/20/08, 10:07 pm
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