Legal Question in Real Estate Law in Florida

I am Canadian and am lending money to my father to purchase a condo in Florida, where he lives. We were both wanting to document it properly so I found a document online to purchase called "Florida Promissory Note - Term- Secured". Is this valid and a good idea? Does this contract properly secure the note with real-estate?


Asked on 3/03/14, 12:43 pm

1 Answer from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

No it is insufficient. You should hire an attorney. The cost should be about $750 or so to protect your interests. You need to have a note AND a mortgage to properly protect your interest and prioritize it.

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Answered on 3/03/14, 12:48 pm


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