Legal Question in Real Estate Law in Florida

I have a condo in Floirida. I no longer want to keep it or the mortgage payment with it. If I give it back to the lender, do they have recourse on the balance or my other assets and property ??


Asked on 12/04/09, 8:31 am

1 Answer from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Of course they do. The note is a debt. Giving the codo back does not affect your obligation to pay if the condo does not sell for an amunt necessary to pay your debt.

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Answered on 12/09/09, 1:14 pm


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