After Foreclosure In Florida,what Can The Deficiency Judgement Take?
If you get defiency judgement in Florida for an investment property , can they take your personal assets like savings and a car that is already paid off? Also can they take money from your paycheck everytime you get paid?
Also what happens to your other accounts like credit cards and if you have a primary residence can they take that?
Basically, if after foreclosure on my investment property I continue paying all my other bills on time such as my credit cards , my other mortgage then can I rebuild my credit in 2 years.
A deficiency judgment can be collected in the same manner as other judgments (wage garnishment, siezing bank accounts, etc). They can’t mess with your credit cards.
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Comment by mary s — July 12, 2009 @ 11:27 pm