Hello and welcome,
Unfortunately, in FL as is the case in most states, HELOC loans are recourse loans and a lender may pursue a deficiency judgment or collections on the loan following foreclosure.
Here is a link that provides a summary on this issue:
In FL, a lender typically has 5 years from the date of the foreclosure sale to pursue a deficiency judgment against the borrower. So the lender can pursue collection on the debt and even a judgment against the borrower unfortunately.
Here is a link that summarizes a FL case which dealt with this issue:
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