Legal Question in Real Estate Law in Florida

cannot pay mortage..owe 240,000.also own another 85 acres..is it possoabe to trade other land to bank?


Asked on 8/23/11, 7:04 am

2 Answers from Attorneys
William W. Fernandez, Sr., J.D. Law Ofc. Wm. W. Fernandez, Sr., J.D., Atty. at Law

Best take other land out of UR name and put in Land Trust, Copr., LLC, etc. Consider "Strategic Default" and other insolvency options; short sale, chapter 13, 7, etc. Consult an atty.

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Answered on 8/23/11, 7:42 am
David Slater David P. Slater, Esq.

I doubt they will take it in lieu of mortgage,but you certainly can speak with them or sell it yourself.

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Answered on 8/23/11, 9:05 am


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