Florida Deficiency Judgments

Florida is a judicial foreclosure state and permits the lender to obtain a deficiecny judgment.  The plaintiff lender may also elect to obtain a judgment years later and this is more common than having the lender obtain a deficiecny judgment in the foreclosure action.  Essentially the lender may wait until the borrower is in a better financial position to pursue collection for the deficiecny through the courts in Florida.

Florida Deficiency Judgments.

This entry was posted in Florida Deficiency Judgment. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>