Florida  |  Real Estate Law

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3/29/08, 5:35 pm

Legal Question

Florida Non Recourse Loan, Recourse State

I have a Purchase Money Loan (Both the First & Second are stamped Non Recourse)

which is being Forclosed upon in the State of Florida, which I understand to be a Recourse State. Since the loans are Non Recourse am I protected against them comming after my assests for any deficiency, even though the state of Florida is a Recourse State?


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3/29/08, 5:55 pm

Legal Answer

Re: Florida Non Recourse Loan, Recourse State

Yes.

Mitchell Roth

MW Roth, Professional Law Corporation 13245 Riverside Dr. Suite 320 Sherman Oaks, CA 91423

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