Legal Question in Credit and Debt Law in Florida
I am a Uk citizen living in the Uk. I own a property in Florida which has halved in value and I can no longer afford to keep up the mortgage payments to the US bank.
I estimate that the loss to the bank if they foreclosed would be around $35,000.
I am worried that they could go after my family home in the UK.
Would it be possible for them to do this?
Asked on 12/26/10, 4:35 am
1 Answer from Attorneys
Lucreita Becude
Lucreita D. Becude, P.A.
Probably not. If you are citizen of the UK, Florida has no jurisdiction over you in a foreign land.
Answered on 1/03/11, 8:19 am