Legal Question in Real Estate Law in Florida

Re: Foreclosure

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Yes, the debtor is responsible for the deficiency between the amount owed including principal, accrued interest, court costs, and attorney's fees versus the amount received at the foreclosure sale. This can be a substantial amount in a declining market which is prevalent in Florida today.

Scott R. Jay, Esq.

Re: Foreclosers

If they enter a deficiency judgment agaisnt you, yes.