walking away from my mortgage

Submitted by annie from FL - 05/11/2010 - 4:26pm

If we r able to pay but really under water,we Paided 80,000.00 5 years ago, it is now worth 36,000.00 if we walk away, can they come after us in 10 or so years down the road. and mak us pay the difference of what they sell it for.

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Comments

Submitted by Sean - 05/12/2010 - 12:22am

Yes, it is our understanding that Florida law does permit that.

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