Legal Question in Real Estate Law in Florida

foreclosure

I have lawsuit fr Charlotte Cnty Florida rec'd 6-21 hv 20 days to respond re real property. Lot bought in Jan 2007 developer went bankrupt. Want to get rid of lot. National City Mortgage wants to collect. I'm a housewife w/ 2 kids no job. bought lot for investment. consulted wi realtor/law firm to work out loan modification so my credit won't be affected. They said they don't do foreclosure. They told me I need to hv somebody to represent me. Can't afford to hire lawyer or fly there. what's my recourse?


Asked on 7/16/09, 7:27 pm

1 Answer from Attorneys
Lyle Johnson Bedi and Johnson Attorneys at Law

Re: foreclosure

I cannot give you advice regarding Florida law, but have been involved in a case where real property was foreclosed. The foreclosure was accomplished through the court. The property was sold at an auction. After the auction the lender requested a deficiency judgment. The borrower has the opportunity to present proof of the current value of the property, which may be more than the sale price.

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Answered on 7/16/09, 9:41 pm


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