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?

Read more
Answered on 6/11/09, 3:45 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida