Legal Question in Real Estate Law in Florida

I am selling a house to my X-husband for 30,000 five hundred down with a ten year amortization. I wanted to sell the note to a hard money investor at a terrible discount; I know... But the property is the sole asset of a LLC company I created and am the officers for. I don't have the excise tax needed to close this and file conventionally so he came up with the idea to just sell him the LLC holding company, Will a note from the sale using the cLLC be marketable and will this avoid the county Excise tax. Everything is in Florida.

I know this is complex-but any ideas or thougt would be appreciated


Asked on 9/08/10, 7:11 am

1 Answer from Attorneys
Leon Ferraez Ferraez, LLC

You are right about this being a complicated transaction. However, from what you have written, I get the sense that there is missing information, even some inaccurate information. I'm sure money is tight, but I would recommend calling an attorney in your area, or us in the Tampa Bay area, to help you through this transaction.

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Answered on 9/13/10, 7:46 am


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