Legal Question in Real Estate Law in Florida

consequences of defaulting on investment property mortgage


Asked on 7/22/10, 1:59 pm

1 Answer from Attorneys
Lesly Longa Longa Law P.A.

If you default, the lender will institute a foreclosure proceeding. If you do not answer the complaint, the lender will get a judgment against you and then go after you for any deficiency between the amount of foreclosure sale and your mortgage. Consult with an attorney about what defenses may be available to you and foreclosure avoidance options. Regards,

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Answered on 7/23/10, 6:18 am


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