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Does Florida allow banks to sue for deficiency judgments from another state?
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How do you avoid deficiency judgments in lee county Florida?
You can avoid the laws if your lender agrees not to press charges for deficiency. You can also file for a chapter 7 bankruptcy.
Is there deficiency judgment in Florida?
Yes, deficiency judgments are allowed in the state of Florida. When the lawsuit is filed, homeowners have the right to a jury trial to hear the deficiency case. Also, the bank must have in-hand service of the lawsuit paperwork on homeowners in order to include a deficiency judgment action in the original case.
Can lender pursue deficiency judgment for the difference after a short sale?
Some states allow deficiency judgments after the short sale. Some states allow deficiency judgments after repossession or foreclosure. Each state has its own rules.
In Florida are sellers of a home responsible for deficiency judgments?
If the sellers sold the home for as much as they owed on the loan, there is no possibility for a deficiency judgment, since there is no deficiency. If the sale was through a short sale where the bank took less than it was owed but allowed the homeowners to sell and walk away, the bank would have to sue for the deficiency judgment.
What assets can be taken with a Florida deficiency judgments for foreclosed property?
Whatever they can sell to reclaim their losses. You may need to proceed with bankruptcy to protect other assets. Consult an attorney for specifics.
Property in Wife's name can husband be liable for deficiency judgments?
no i dea that is why i am askingyou?
How much jailtime for unpaid deficiency judgments?
None. There is no debtor's prison in the US.
Deficiency judgments on foreclosures in KY does it happen?
Yes, there are deficiency judgements on foreclosures in the state of Kentucky. A person could have a personal judgement for the balance owed. An attorney can help you decide the best course of action.
Which US states allow deficiency judgments?
Many states allow deficiency judgments in one kind of foreclosure, but not another. Often, a deficiency can be pursued in a judicial foreclosure, but not if a power of sale clause is used to auction a home outside of the court process. Homeowners should look up their own state laws and type of foreclosure being used against them.The following list should be taken as a guide and not as legal advice or as particularly relevant to one borrower's case.These states allow deficiency judgments without limits in certain kinds of foreclosure:AlabamaAlaskaConnecticutDelawareDistrict of ColumbiaFloridaHawaiiIllinoisIndianaKentuckyLouisianaMarylandMassachusettsMissouriNew HampshireOhioRhode IslandTennesseeVirginiaWashingtonWyomingThese states allow deficiency judgments with certain limits on the amount that can be granted in a judgment:ArizonaArkansasCaliforniaColoradoIdahoIowaKansasMaineMichiganMinnesotaMississippiNebraskaNevadaNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOklahomaPennsylvaniaSouth CarolinaSouth DakotaTexasUtahVermontWest VirginiaWisconsinDeficiency judgments are not allowed on residential properties in Oregon under judicial foreclosure proceedings, and at all in power of sale foreclosures.
Does Florida have anti-deficiency laws?
according to this website, NC does have an anti-deficiency provision. http://www.helocbasics.com/list-of-non-recourse-mortgage-states-and-anti-deficiency-statutes/
Does Pennsylvania allow deficiency judgments on care repossessions?
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