Foreclosure Deficiency Judgment Florida
Foreclosure Deficiency Judgment Florida
How to protect the view of the deficiency in a case of foreclosure?
case in Florida
If the lender launched foreclosure under the Non-judicial foreclosure then they will not come after a trial of the deficiency. If you received a notification of execution mortgage in the mail from your bank gives you about 90 days to take your existing mortgage with a projected date of sale then this is the procedure for your lender has decided to use. Most lenders use this procedure is quicker and the lender can sell the property as before the legal time limits are up. If the lender filed for foreclosure under the judicial foreclosure process the lender could legally come after a trial deficiency. If to be convened by a court, then your lender is going through this kind of exclusion. Normally you have the right of redemption if your lender use this procedure. The only way to protect yourself is to hire a lawyer or pay the mortgage before foreclosure. I hope this has been of some use for you, good luck. "Combat"
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