Is florida a non-deficiency state like california in the wake of a short sale of a condo; if not; what can I expect afterwards?
Optional Information: largo, Florida Already Tried: short sale is in process
Hello,
Florida does not have an anti-deficiency statute. Deficiency judgments resulting from foreclosure can be obtained in Florida.
A lender can take action to collect on a deficiency judgment, including garnishing bank accounts and other assets.
One possible solution is called a "deed in lieu of foreclosure".