Legal Question in Real Estate Law in Florida

Re: Real Estate

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If you signed a mortgage, you have an obligation to pay it back. Since you say your parents never signed, a lender might have to partition the property in order to get it sold to collect on it if you fail to pay, but that does not excuse payment by you. Non payment may result in the property being foreclosed on and the ruin of your credit history. You got the benefit of the monies, now it is time to pay it back.

Scott R. Jay, Esq.