DJ Confusion
Posted by John Galt on December 20, 2008 at 06:20:40:
I'm trying to determine the liklihood of my lender coming after me for a DJ. I've read conflicting opinions on this board. The property is in Florida and was purchased as an investment. There is no second mortgage and although I put 25% down and wasn't paying for PMI, I've learned that the lender has the mortgage insured w/Genworth. We've been working closely with the lender for about six months and have tried the short sale path to no avail. I just submitted the paperwork for a DIL to Amtrust who in turn has submitted it to Fannie Mae. My question is if the DIL is accepted, will/can they come after me for a DJ? How about if the DIL isn't accepted and they go through w/foreclosure?
My confusion stems from reading this on the home page of this very website;
"Anti-deficiency statutes have been a recent topic of discussion with many borrowers wondering whether their lender has the right to come after them for any losses the lender may incur due to a potential foreclosure. While it seems a simple subject, the answer isn’t always clear by determining which state the property is located in. The AP reports anti-deficiency states as: The full list: Alaska, Arizona, California, Connecticut, Florida, Idaho, Minnesota, North Carolina, North Dakota, Texas, Utah and Washington."
Since I'm in Florida, what does this mean for me in relation to a DJ?
Follow Ups:
- Re: DJ Confusion - Mark Elkins 21:58:55 12/22/08
(2)
- Re: No soliciting - steele in minnesota 04:33:43 12/23/08
(1)
- Don't discount the information! - Mark Elkins 05:26:25 12/23/08
(0)
- Re: DJ Confusion - Frank 10:26:04 12/21/08
(2)
- Re: DJ Confusion - John Galt 13:22:25 12/21/08
(1)
- Re: DJ Confusion - Frank 14:25:27 12/21/08
(0)
- Re: DJ Confusion - steele in minnesota 19:15:54 12/20/08
(1)
- Re: DJ Confusion - John Galt 19:59:19 12/20/08
(0)
