After Foreclosure in Florida,What can the deficiency judgement take?
Question:
Also what happens to your other accounts like credit cards and if you have a primary residence can they take that?
Basically, if after foreclosure on my investment property I continue paying all my other bills on time such as my credit cards , my other mortgage then can I rebuild my credit in 2 years.
Answer:
A deficiency judgment can be collected in the same manner as other judgments (wage garnishment, siezing bank accounts, etc). They can't mess with your credit cards.
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