Legal Question in Credit and Debt Law in Florida

Foreclosure

If I default on a real estate loan in Ohio can the mortgage company attach my real estate holdings in Florida?


Asked on 6/11/07, 5:43 pm

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: Foreclosure

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

A Florida homestead is exempt from any activities of a creditor other than a lender who gave you a mortgage on the property or the government (i.e. the IRS or tax collector). If you have Florida property that is not homestead then a foreign judgment can be domesticated in Florida and then your property is at risk.

I would suggest that you meet with a qualified attorney to discuss methods of asset protection that would be to your advantage.

Scott R. Jay, Esq.

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Answered on 6/12/07, 12:00 am


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