Legal Question in Real Estate Law in Florida
Is Florida a Non-Compliance State
I live in CA and own a few investment properties in FL. If I were to foreclose, can the lender come after my personal assets? Is Florida a non-compliance state?
2 Answers from Attorneys
Re: Is Florida a Non-Compliance State
If there is a deficiency judgment after foreclosure, they can.
Re: Is Florida a Non-Compliance State
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I am not familiar with the term "non compliance state" so I can only guess it does not apply here. I do know that lenders can seek a deficiency judgment if there is not enough equity in the property to satisfy the judgment and they can garnish or attach certain non homestead personal assets of the debtor.
Scott R. Jay, Esq.