Legal Question in Real Estate Law in Florida
Florida non-recourse
I have a piece of property I am going to lose to foreclosure. I am concerned that the mortgager can pursue a deficiency judgement for assets other than that of the land as collateral for my loan. Is Florida a non-recourse state?
3 Answers from Attorneys
Re: Florida non-recourse
No.
Re: Florida non-recourse
NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
No. Your other non homestead assets may be at risk. You should consult an attorney for a full explanation and advice on how you might be able to protect yourself.
Scott R. Jay, Esq.
Re: Florida non-recourse
NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
No. Your other non homestead assets may be at risk. You should consult an attorney for a full explanation and advice on how you might be able to protect yourself.
Scott R. Jay, Esq.
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