Attorney Roy Oppenheim’s Summer School is in session with a special focus on Florida foreclosure defense strategies including today’s topic: How to avoid a Florida Deficiency Judgement. Oppenheim Law wants to help “bullet-proof” Florida homeowners against the banks; helping them understand the difference between a deficiency and a deficiency judgement.
A deficiency is when the bank forecloses on your house and a difference of money you owe remains. Once such a deficiency is registered by a court, it becomes a deficiency judgment.
In Florida, if you have a deficiency and it becomes a deficiency judgement, the Florida bank can seize your assets (bank accounts, cars, estate, etc.) for up to 20 years.
In this Summer School ‘How To’ Video, Roy Oppenheim tells you what you need to know about deficiency and deficiency judgements in less than four minutes!