Legal Question in Real Estate Law in Florida

Re: no ins on property

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Unfortunately, you failed to give much information in your question. If you were to get copies of the insurance each year, I have to guess that you took back a mortgage. Liability for any injury is the owner's responsibility but you are not protected in case suit is filed and he or she loses the property or a lien is placed against the property other than by virtue of the mortgage and the rights it provides to you.

By failing to maintain the insurance, the buyer breached his or her agreement with you and is grounds for a foreclosure action if there is a mortgage in place. I would suggest that you speak with an attorney to get detailed information on your legal rights in this situation.

Scott R. Jay, Esq.