Posted on: 11th Sep, 2009 07:00 am
If my primary residence is in foreclosure and the bank files for a deficiency judgement how long can they try to legally collect this judgement once the foreclosure is complete? I live in the state of Florida and also live on a retirement...can they dock my retirement for any difference in the amount of foreclosure and what is actually owed?
Hi kelliejo!
Welcome to forums!
The lender can sue you for the deficient amount just after the foreclosure. However, the lender will not be able to garnish your retirement account in order to recover their dues. As far as I know, it is against the federal laws.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The lender can sue you for the deficient amount just after the foreclosure. However, the lender will not be able to garnish your retirement account in order to recover their dues. As far as I know, it is against the federal laws.
Feel free to ask if you've further queries.
Sussane
when there has been no forcloser for the past three years no sale posted ect. does this issue become null and void
Hi blair,
As far as I can understand, though no sale date has been posted, the foreclosure does not become null and void. You can request the lender to sell off the property asap so that you can get rid of it.
As far as I can understand, though no sale date has been posted, the foreclosure does not become null and void. You can request the lender to sell off the property asap so that you can get rid of it.