How to Save Your Home from Foreclosure-Helpful TipsThe Great American Dream of homeownership is what many in our country diligently strive for. Homeownership brings many benefits, as well as responsibilities.
Florida is a deficiency judgement state, so a lender can obtain a judgement for the difference between what is owed and what they eventually sell for a property for either at auction or after the auction as a foreclosed property.
Some lenders are starting to agree to a short sale with the provision that a borrower sign an unsecured promissory note for any difference, as well.
Any seller or property owner should carefully weigh all their options.... more