Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida > Tallahassee
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-15-2011, 08:50 AM
 
Location: sleepy bears den
36 posts, read 61,699 times
Reputation: 20

Advertisements

My house in gainesville is located near a large contaminated superfund site,it is no longer safe to live there,feds.state ,county and city will do nothing.contracted cancer while living there. was never informed by previous owner or real estate agent about this.
house is also virtually worthless now that this has become public.
I have a small pension from my deceased husband and social security.
If I let house go to foreclosure are these pensions safe from garnishment?
Thanks for any help, advice,ect.
Reply With Quote Quick reply to this message

 
Old 11-21-2011, 01:09 PM
 
7,871 posts, read 10,132,449 times
Reputation: 3241
Quote:
Originally Posted by 9tailfox View Post
My house in gainesville is located near a large contaminated superfund site,it is no longer safe to live there,feds.state ,county and city will do nothing.contracted cancer while living there. was never informed by previous owner or real estate agent about this.
house is also virtually worthless now that this has become public.
I have a small pension from my deceased husband and social security.
If I let house go to foreclosure are these pensions safe from garnishment?
Thanks for any help, advice,ect.
There's no way to really tell without seeing all the documents and facts.

BUT.

Banks generally do not go after homeowners once they get the house in foreclosure, for FIRST mortgages.

If you have a HELOC or second mortgage on the property, and the sale proceeds don't cover that (which they won't), they may come after you for the balance, but they are usually willing to take only part of what you owe.

As to whether they can garnish your pension, I doubt it but frankly I'm not sure about that.
Reply With Quote Quick reply to this message
 
Old 11-21-2011, 09:05 PM
 
Location: Tampa, FL
3,237 posts, read 6,322,865 times
Reputation: 1492
Quote:
Originally Posted by Strel View Post
Banks generally do not go after homeowners once they get the house in foreclosure, for FIRST mortgages
Dont listen to this guy, he is absolutely wrong
Reply With Quote Quick reply to this message
 
Old 11-22-2011, 02:29 PM
 
7,871 posts, read 10,132,449 times
Reputation: 3241
Quote:
Originally Posted by crazynip View Post
Dont listen to this guy, he is absolutely wrong
I foreclose on people from time to time. I've yet to see a bank go after a homeowner after they take the house without some very specific circumstances, like fraud. It happens, but it is rare.

I DO see them go after ex-homeowners for debts other than the first mortgage debt. It's bad publicity. Fannie Mae outright refuses to do it outside some kind of special circumstance.

If you disagree, back up your opinion with some facts. I hope you have a license to practice law in Florida, too.

In a situation like this, I find it very unlikely that a bank would want to put these facts in front of a judge.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Tallahassee
View detailed profiles of:

All times are GMT -6. The time now is 02:20 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top