Legal Question in Real Estate Law in Florida
Can the bank touch thrift fund savings or anything bought with this money if we are in foreclosurer?
Asked on 3/20/10, 6:09 am
1 Answer from Attorneys
David Labovitz
Labovitz Law Firm, P.A.
Once the property was foreclosed and sold at auction, if the sale proceeds were less than the amount you owed, the bank could pursue a deficiency judgment against you for the remaining balance. They could enforce that judgment against your available assets just like any other judgment can be enforced. Because I don't know what you mean specifically by "thrift fund savings" I can't tell you if they would be exempt from collection after a judgment.
Answered on 3/25/10, 7:29 pm