My question involves a foreclosure in the State of: Florida
My husband and I own a total of 4 properties. A house and an apartment in FL and another house and an apartment in NC. Both properties in NC have equity, the house is nearly paid off and the apt is completely paid off. My place of residency is the house in FL. Both properties in FL we are upside down in. I have already received the foreclosure paperwork for the house in FL since the mortgage has not been paid for the last 6 month. I have 2 cars under my name which are both being financed and are current. My concern is that if everything goes through with the foreclosure on the house, can they come after the properties with equity in North Carolina? Can they come after the cars?
To make matters more complicated my husband and I have been seperated for the past 7 months and is just now getting legal representation to begin a divorce. We have a collective amount of 65000 in credit card debt. We have been married for 25+ years, if it makes any difference. The only reason I mention this is because I wonder if anybody has any idea on how the properties and debt-to-equity would be split?
Thank you for the help in advance.