Legal Question in Real Estate Law in Florida
foreclosure
Im almost in the process of loosing my house in florida because the economic situation. I have a rental property in Massachussets with the same bank which this one I have no problem paying it. If i go to a foreclosure in the property in florida. Do you think the bank is going to do something with the rental property in Massachussets?please give an advise Im desperate.
1 Answer from Attorneys
Re: foreclosure
Unless there is some document tieing the two properties to one another, the two purchases and two mortgages should be separate. If those are separate, then the foreclosures will also be separate.
In order for a court to decide a case that court must have "jurisdiction". To foreclose, a court does not have jurisdiction over land in another state. Your Florida property will go through foreclosure in a Florida court; Your Massachussets property will go through foreclosure in a Massachussets court.
I am a lawyer in Florida, not in Massachussets. You could repost your question to the Massachussets question area, but I would be very surprised if there were any way that a foreclosure here in Florida could affect the mortgage there.
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