Legal Question in Credit and Debt Law in Florida

Foreclosure process

I cannot keep up payments on my house, plus house insur., plus taxes, & c. c. and would just like to walk away after notifying mortgage co.

Am unemployed, but as of today, still current with debts up. No money for next month.

Please, after I notify them, how long before they can come in and take possession? I know I can file for chapter 7 but what is the use? I cannot afford my home any more. Only have an old car as asset which I'd like to keep to help me look for employment


Asked on 7/13/09, 3:20 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Foreclosure process

Call the lender and ask if they will agree to a short sale, to cover the mortgage owed. Otherwise, they will seek a deficiency money judgment against you.

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Answered on 7/13/09, 3:49 pm


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