How to Collect on a Deficiency Judgment During a Short Sale in Florida?

Answer A deficiency judgment is defined as, "a judgment for the amount a homeowner owes the lender after a house or other asset is foreclosed upon and sold by the creditor for less than the actual debt---... Read More »

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Florida Auto Deficiency Judgment Laws?

In Florida, like most states, a creditor can repossess an automobile without obtaining a court order if the consumer stops making car payments. Creditors can only do so as long as they do not use v... Read More »

What happens if there is a deficiency after a short sale?

A short sale allows a homeowner to sell the home for an amount that is less than the balance due on the mortgage. A law passed in 2007 may allow an individual to avoid taxes on the cancellation of ... Read More »

What is a short sale deficiency?

A short sale means the borrower and bank agree to terminate the mortgage if the debtor sells the home and gives all to the bank. However, sometimes the sale price of a home is less than the balance... Read More »

How to Collect a Florida Judgment?

It is a common misconception with the general public that obtaining a Florida Judgment means you will get paid. In fact, the only time you will get paid on a Florida Judgment without subsequent eff... Read More »