Legal Question in Real Estate Law in Florida

We have a mortgage deed that was financed by an atty in central Fl who has a profit sharing plan. The property is 2 acres and has 2 mobile homes on it. Mother lives in mobile home #1 and claims homestead there, I live in mobile home #2 and claim homestead. She has a life time estate to the property. I have tried to have the place re-financed, but have been unsuccessful due to her mobile home being on the property. This is a balloon mortgage and he has re-financed it twice for me, this time extending it only for a year. Can my mom quick deed her interest to me, so both pieces of property show in my name, remove her mobile home, so I can find someone to refinance this place before we lose both places? Would I need to have the county re-survey the property and place both parcels under one? I don't want to just walk away from the mortgage, but I also don't have the funds for the balloon payment, nor is there anyone out there willing to finance a place with two mobile homes on it.


Asked on 1/17/14, 3:58 pm

1 Answer from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

You need to see a real estate attorney. It is impossible to answer your questions without more facts involving the property. Do not do the quit claim deed until you speak to an attorney and get an overall game plan.

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Answered on 1/17/14, 4:01 pm


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