Legal Question in Real Estate Law in Florida
Willing of Mortgage Holder Property
I hold the mortgage on a condo property that was sold to a buyer in November 2008. The current outstanding mortgage balance is $30,000 with monthly payments of $225.
What do I need to prepare in case I die? I would like the monthly mortgage payment (or the satisfaction of the mortgage) to go to my DP.
Asked on 7/20/09, 9:27 am
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
Re: Willing of Mortgage Holder Property
The mortgage note should have provided for payment to heirs and assigns. Your will conveys your assets.
Answered on 7/20/09, 9:39 am
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