Florida | Real Estate Law
Legal Question
I made an agreement with a party to secure mortgage on property because the other party wasnt able to secure mortgage on her own. Since she defaulted on the agreement and dont want to pay mortgage or quit claim her interest over to me could I in turn place a caveat on her half?
The property is facing foreclosure if the remodification do not go through...
Share This On:
Legal Answer
A cavaet has to do with a creditor's notice of a probate estate. You can certainly file in the County where they reside or the property is located.
Share This On:
David P. Slater, Esq. 5154 Windsor Parke Dr. Boca Raton, FL 33496
► Other answers from this attorney
Legal Answer
Even if the mortgage is modified, based on what you've written, it seems unlikely that the other person will pay the mortgage. That means that you would be responsible for the mortgage. If the mortgage is not paid, then it is likely that the property will go into foreclosure. Our home is assisting homeowners with foreclosure defense case and mortgage modifications. You may also want to consider filing bankruptcy, which may wipe out the mortgage entirely. We offer a free initial consultation, and would be happy to discuss the matter with you.
Share This On:
Law Offices of Steven Meyer 2295 N.W. Corporate Blvd., Suite 117 Boca Raton, FL 33431
► Other answers from this attorney
