Legal Question in Real Estate Law in Florida

Promissiory Note

I hold a note for real estate. The other party is to pay me the first of each month. As of now, he has missed 4 payments. It is my understanding that as of 12/31 of this year all money should be in my hands for the 12 payments and if it is not.. a new Note is written to increased next year's payments to cover the missed ones of this year .. plus, interest. Is that correct?


Asked on 11/17/08, 4:32 pm

1 Answer from Attorneys
Robert Roemer Robert Roemer

Re: Promissiory Note

It depends on the language of the note.If you want me to review it e-mail me your phone # and I will call you.

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Answered on 11/17/08, 6:11 pm


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