The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (29898)	4/21/2005 12:40:49 AM
From: Elroy Jetson	Read Replies (1) of 306849

In Florida you do have an unlimited bankruptcy "homestead" - but not if there's a mortgage. When your home is worth less than your mortgage in Florida and you stop making payments they can foreclose on you and put you into Chapter 13 bankruptcy the same as any place else. You'll be paying mortgage payments for another five years after you lose your house. .

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