Legal Question in Credit and Debt Law in Florida

Re: loan agrreement

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.

There is obviously no statutory law on the subject. Unless the gentleman gave you a Satisfaction of Mortgage, it is very possible that a court might rule that you still owed the money. By your own actions of making a few payments after his death, it seems as if you acknowledged that the debt is still owed.

You should meet with an attorney and review all of the facts regarding this matter. The attorney will then inform you of your legal rights and obligations.

Scott R. Jay, Esq.