Archived
How long do mortgage companies have to file a deficiency judgement after a house has went into foreclosure or been auctioned?
Margery's answer
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Answered on June 19, 2009
This is controlled by the law of the state where the property is located. Here in Florida, they have five years after the foreclosure to ask for a...
Archived
How long after a lein and foreclosure has been filed, if it was never excuted
Margery's answer
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Answered on June 19, 2009
The answer to your question depends on what sort of lien it was. Mechanics liens, for example, only have a life span ofo one year. Judgment liens...
Archived
I live in Port Richey Fl and just got served a summons that my landlord is going into foreclosur what is my rights as a tennant
Margery's answer
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Answered on June 19, 2009
Fortunately, there is brand new legislation now that can be used to protect you. This legilslation provides such an improved situation for tenants...
Archived
After foreclosure auction, insurance premium returned can i keep the check?
Margery's answer
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Answered on June 16, 2009
If the check is payable to you, yes you can keep it. In fact, if the property has been sold to the bank, it cannot any longer be protected under...
Archived
Can the Bank get my Homestead home in Florida if I do a short sale on a Investment Property?
Margery's answer
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Answered on June 16, 2009
I am not sure what an "experienced loss mitigation specialist" is, but unless th is person is an attrney, beware ! Not only is it against the law...
Archived
Can a lender pursue a lien against my CA property if I foreclose on my FL property?
Margery's answer
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Answered on June 16, 2009
If your debt is greater than the value of the property which is oreclsoed, Florida makes the process of btaining a deficiency judgment for the...
Archived
How long does it take to reestablish a note?
Margery's answer
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Answered on June 14, 2009
There is a great deal of misunderstanding of this issue, made worse by inaccurate media coveratge. F.S. 673.3091 provides:
"Enforcement of...
Archived
I received a Notice of Lis Pendens and must answer it soon.
Margery's answer
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Answered on June 13, 2009
If you do not hire a qualified foreclisure defense attorney and defend yourself, the lender will default you and then will get Summary Judgment in...
Archived
There is a preformated document to respond to a summons from a forclosure?
Margery's answer
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Answered on June 13, 2009
No, there is no such thing. You need an attorney, and if you wait, you could but your nect in the noose in a major way. The fact that your loan...
Archived
If I foreclose investment property in Florida, can they run after my assets in CA? I live in California.
Margery's answer
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Answered on June 13, 2009
Yes. Florida law provides a straightforward and liberal process for lenders to obtain deficiency judgments if you are upside down, and once they...
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