Legal Question in Real Estate Law in Florida

Unable to pay mortgage on income property due to decreased income. Was not able to obtain loan modification since it was not my primary residence. Pending foreclosure (no sale date yet).

If I sign deed in leu of foreclosure, would I still be liable for the balance on the 2nd mortgage?


Asked on 12/23/09, 10:18 am

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

yes and for any deficiency of the sale.

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Answered on 12/30/09, 12:53 pm


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