Legal Question in Real Estate Law in Florida
real estate transaction
In Feb '06 I sold my home to my
son for half of an agreed upon
price with the rest due in two
years. He obtained an 80/20 1st
and 2nd. He has yet to pay. We
have a written agreement between
that is not notarized or filed, and
now beyond it's terms. How do I
protect myself if he continues to
choose to do nothing or if
something happens to him? He
married after the date of our
agreement. If filing a lien on the
property is the answer, how does
that effect any bankruptcy I may
need to file due to continued
unemployment?
Asked on 6/11/09, 1:24 pm
1 Answer from Attorneys
Charles Gallagher
Gallagher & Associates Law Firm, P.A.
Re: real estate transaction
Did you get a mortgage in return for the sale. Was the house pledged as collateral?
Answered on 6/11/09, 3:45 pm