Posted on: 08th Feb, 2011 07:50 am
Are original purchase home mortgage 'notes' in Florida recourse debt?
I'm in CA and trying to find answer for CA resident whom has forclosure on FL property.
I'm in CA and trying to find answer for CA resident whom has forclosure on FL property.
Hi rightwaytax,
Florida is a recourse state where the lender can come after you for the deficient balance resulting from the property sale.
Thanks
Florida is a recourse state where the lender can come after you for the deficient balance resulting from the property sale.
Thanks