Legal Question in Real Estate Law in Florida

Re: short sale/insolvency

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These are serious concerns. More importanly, many lenders will not agree to short sales as they have mortgage insurance in place that you were required to purchase on your loan which covers any deficiency if a foreclosure is filed.

You should meet with an attorney who can review all of the facts and provide you with specific legal advice regarding your rights and obligations.

Scott R. Jay, Esq.