- I have given them my home back.
The lady on the phone is screaming. She said she gave the house back to lender in foreclosure, and now they are going after her for deficiency.
This is the same lady that told me to get lost when I suggested we could do the short sale. She spoke to her accountant, and then decided going with foreclosure.
She stayed in the house for a bit over 2 years, and got used to it, but finally Flagler County started processing foreclosures. Now she got a letter demanding money. And she is pissed off.
I love that freaking logic. She took money from the bank, and decided to return them a house? Did they ask for a house in return?
No, they gave her money expecting to get back money, and house was just a security.
Since when you choose what to return?
You took the money, you have to return the money. Not the house, not your car, not your underwear…
And yes, the Lender can take it, but be ready for a deficiency judgment if the underwear is less than what you owe. In Florida the Lenders can do it.
Why not follow the contract, and if you default, face the consequences?
It was me who was telling you about the deficiency judgment if you go foreclosure route. But you did not want to listen.
So, don't scream at me, scream at your accountant.
Photo by storebukkebruse via Flickr.com