Legal Question in Real Estate Law in Florida

Real Estate

I have 4 properties under my name and all are under water, we can not make de payments and are going in forclosure. What is going to happen to me...?


Asked on 3/27/09, 12:20 pm

2 Answers from Attorneys
Brent Rose The Orsini & Rose Law Firm

Re: Real Estate

The most likely thing is that the properties will be taken and your credit will be harmed. However, there are a number of other things that could happen, and you should speak to a bankruptcy or real estate lawyer to learn all of the possibilities.

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Answered on 3/27/09, 4:24 pm
David Slater David P. Slater, Esq.

Re: Real Estate

They may also seek a deficiency money judgment against you.

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Answered on 3/27/09, 5:28 pm


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