Legal Question in Real Estate Law in Florida

Re: Real Estate foreclure in Florida

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Unless a Florida attorney is also licensed in New Jersey, he or she is unable to answer this question as it would be governed by New Jersey law. New Jersey may have similar protection for your home if it is your homestead as Florida does, but I cannot say this with any certainty.

You may wish to request giving the bank a deed in lieu of foreclosure if they will accept one. You should engage an attorney to discuss this subject with the bank if you are unsuccessful or feel uncomfortable in this situation.

Scott R. Jay, Esq.

Re: Real Estate foreclure in Florida

Once they foreclose, they will enter a judgment against you for the money owed. When they sell, you will get the credit. They can then domesticate the judgment in NJ and pursue collection their for any $ still owed.