| Hello Sandi:
There's been a lot of discussion on that subject here - only regarding Florida, however. If what has been presented here, on this board in the past is true, you should thank your lucky stars that you live in Florida.
That information is that the bank CANNOT go after any deficiency in your mortgage. All the other states DO NOT protect a homeowner like Florida does. I can’t refer you to any statutes, but as I recall, the presenter DID cite legal sources.
Maybe somebody here can find those posts.
I wouldn't take my word, however. With your bank accounts at risk, you wanna hear it directly from your attorney sitting across the desk from you.
excon |