1) Is there any cap on deficiency judgements in FL from mortgage foreclosure?
2) Does it stay on your record permently?
3) Can you get another loan with a deficiency Judgement on your record?
4) If you have a 1st and 2nd Mortgage on a property is there any benefit to continue to pay one of the loans if you can? (e.g. if the 2nd is for a smaller amount, are you any better off continuing to pay only 1st mort. and let 2nd foreclose?)
FYI - this is for an investment property in FL not primary residence. I can't afford to hold on to it. The value is 75% of what I paid and the rent only covers 50% of the total expenses. I have depleted all savings covering the other 50% for last 2 years. I don't make enough to cover it. I have tried short sale - no offers.

