Legal Question in Real Estate Law in Florida

Florida Non Recourse Loan, Recourse State

I have a Purchase Money Loan (Both the First & Second are stamped Non Recourse)

which is being Forclosed upon in the State of Florida, which I understand to be a Recourse State. Since the loans are Non Recourse am I protected against them comming after my assests for any deficiency, even though the state of Florida is a Recourse State?


Asked on 3/29/08, 5:35 pm

1 Answer from Attorneys
Mitchell Roth MW Roth, Professional Law Corporation

Re: Florida Non Recourse Loan, Recourse State

Yes.

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Answered on 3/29/08, 5:55 pm


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