Legal Question in Real Estate Law in Florida
saving other property after foreclosure
The bank has foreclosed on--name removed--piece of property. We own several other pieces of property that we need to protect before the actually sale of the forclosed property. Will it protect the other properties if we deed them to our children with--name removed--life time estate to us. Will the bank force us to sell these properties to pay off any of the money owed after the sale. We have been to two lawyers but they don't want to give us any straight answers on what to do. We can not file Chapter 7 or Chapter 13 (too many assests) but Chapter 11 is $10,000 to start. We are struggling now just to make our living expenses. Hubby on disability, business had to move last year, everything going down hill real fast. Would like to hold on to what we have left. Help.
2 Answers from Attorneys
Re: saving other property after foreclosure
Your facts are unclear and I need answers to other questions before I can give you any guidance. Call me. I will give you straight answers.
Peter Gonzalez
305.445.0937
Re: saving other property after foreclosure
Your question(s) are not clear. I cannot provide you an answer without knowing more of your situation. Either re-submit clear questions or, better, call me.
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