QUESTION
I have purchased a home a year ago where the owner is carrying the financing. I put 40,000 down and now need to get out of this home agreeement.
Asked on Aug 13th, 2012 on Real Estate - Florida
More details to this question:
What are the financial reprucussions to me if I walk away from this arrangement?
1 ANSWER
Probate & Trust Attorney serving Sarasota, FL
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Christopher K. Caswell, P.A.
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You will get sued and you will have a judgement against you unless the seller agrees to take back a deed in lieu of foreclosure and not seek a deficiency judgement against you.
Answered on Aug 20th, 2012 at 8:32 AM