Legal Question in Real Estate Law in Florida
Protect property
I own property in Orlando and another in Ohio. Are they protected from seisure from a creditor if a credit card company comes after me for payment? I was removed as a cosigner from the credit card over a year ago but don't want to loose me houses. The other person is on the mortgage loan but not on the deed. I have made all payments toward the mortgage, not him. Thanks
2 Answers from Attorneys
Re: Protect property
NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
Your homestead is protected from claims by creditors if you legally reside in it as your primary residence in Florida. You can only have one homestead, however, so both properties will not be protected.
Scott R. Jay, Esq.
Re: Protect property
Not if they obtain a judgment against you. I suggest you review the matter with me.
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