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Estate Planning
: Florida Estate Planning Lawyer BlogFlorida Short Sales and Additional Liability
By David M. Goldman
If I do a Short Sale on my Florida Home am I responsible for anything else? Yes you can be responsible for the difference in what the home is sold for and the loan amount + additional fees and expenses. You must get the mortgage company to release your from this liability. Many will tell you that it is not possible, but it's done all the time.
Before agreeing to a short sale in Florida, a loan modification, or a forbearance agreement, you should have the agreement reviewed by a Florida Foreclosure Lawyer or Jacksonville Foreclosure Lawyers to make sure you understand what you are agreeing to.
Full post as published by Florida Estate Planning Lawyer Blog on February 15, 2010 (boomark / email).
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