Legal Question in Real Estate Law in Florida

Foreclosure on Investment property

I have been served foreclosure papers for an investment property (land). If I have accepted the facts of foreclosure and do not plan on fighting it - do I need to do anything in response to the paperwork? Should I hire an attorney and if so - for what purpose? What else can I expect to be served or to happen as a result of the foreclosure (aside from hitting my credit)?

Any/All advice would be greatly appreciated.


Asked on 3/16/09, 4:09 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Foreclosure on Investment property

If the sale of the foreclosed property results in a deficiency, a money judgment will be entered against you.

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Answered on 3/16/09, 4:17 pm


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