Legal Question in Real Estate Law in Florida
Deed to Property
We purchased a lot in 1988 on a fivve yeaar payment to the owner. We paid it off in 1993. Now we dicided to sell it but there is still a lien for the amount we bought it for. The woman we bought it from did not send us the satisfaction of lien and now we can't find her. She has moved from where we were sending her our payments. Now what do we do?
1 Answer from Attorneys
Re: Deed to Property
Unfortunately, you did not provide all of the facts necessary in order to provide a complete answer to your question. Most attorneys and title examiners would prefer for you to obtain a Satisfaction of Mortgage for any mortgage of record and it may be easier than you think. The internet has given us many more opportunities to locate people, but alternatively, many qualified real estate attorneys or title examiners will ignore any mortgage that is older than the term of the loan plus five years. It appears from the information proivded that this loan would fall into this category. If this will not work, a suit to quiet title may be necessary.
I strongly suggest that you consult with a qualified real estate attorney in order to clear your title problem.
Scott R. Jay, Esq. 305-249-8000
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