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When can a mortgage company get a deficiency judgment in FL?

Our home is in foreclosure. The bank refused a short sale but did offer us a deed in lieu if we sign a $30,000 promissory note. I am so confused....I have contacted a lawyer, but they have not returned my phone calls after receiving my paperwork and the mortg co wants an answer today. Everyone told me not to sign it and just let the bank finish foreclosure, but I am afraid they will come after me for a deficiency. The lawyer said the chances were slim to none, but who do I believe?

Public Comments

1. Believe the lawyer.
2. Your lawyer is mostly correct. Your chances at being the target of a deficiency judgment are slim, but they are also NOT zero. Given that they already want you to sign a $30K promissory note, I'd venture that your chances of escaping a deficiency judgment situation went up somewhat.
3. Your chances of the bank filing a deficiency judgement is VERY GOOD. It's a matter of paperwork. It costs them just a little to file.