Legal Question in Real Estate Law in Florida
I have a property that was signed over to me by my boyfriend. I did a little work on it and now he would like to buy it from me and finish the work with a renovation loan. Is this legal?
Asked on 5/03/16, 7:29 am
1 Answer from Attorneys
Barry Stein
De Cardenas, Freixas, Stein & Zachary
Not sure what a renovation loan means. he is going to get financing to fix up the property that you will transfer back to him? Sure it is legal, no guarantee a lender will agree to fund the renovation loan. Seek some legal guidance with all your facts.
Answered on 5/04/16, 1:45 am