Legal Question in Real Estate Law in Florida
if a company owns a office property with a mortgage subsequently the business of the company is sold to another company . the old company remains owner of the offcie property in case of defualt on payments can the bank go after the new company to which the buseinss was sold?
Asked on 2/14/12, 12:08 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Possibly. It would depend upon the contract of sale between the companies.
Answered on 2/15/12, 4:54 am