Legal Question in Real Estate Law in Florida

Re: Foreclosure

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They can only sue for the one which secures the mortgage. Once the judgment is reached, however, the lender can have the sheriff levy on the second and sell it at auction to cover any deficit between the judgment amount and the amount realized when the foreclosed property is sold. Since the second parcel is not your homestead, you cannot protect it under the homestead laws. It becomes fair game to all creditors.

You should meet with an attorney to review your situation. They attorney can probably advise you of ways to safeguard the second property. Do it now before it is too late.

Scott R. Jay, Esq.