Legal Question in Real Estate Law in Florida

Giving up

I own a house in Florida and I have decided to leave the area. I have the house listed but have had no takers. I am not behind yet in mortgage or insurance but as of July 15th, I no longer intend to make anymore payments. The house has a second for 25K and a first for 217K. The last years appraisal came in at 275K. I am disabled so I don't think that my money can be attached. Do you think that a quitclaim is the way to go and if so which leinholder, the first or the second? I just want to walk away without filing bankruptcy.


Asked on 6/28/06, 3:31 pm

2 Answers from Attorneys
Thomas Dunlap Dunlap, Grubb & Weaver, PLLC

Re: Giving up

You may be able to give the mortgage company a deed in lieu of foreclosure.

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Answered on 6/28/06, 3:36 pm
David Slater David P. Slater, Esq.

Re: Giving up

The proper way is for you or your attorney to call the lien holders and see what kind of dear you can work out

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Answered on 6/28/06, 3:42 pm


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