Legal Question in Real Estate Law in Florida

Can you sell a house and carry a mortgage for the new buyers if you still have a small first mortgage on the house yourself? Would I still pay the taxes and insurance to cover myself?


Asked on 2/06/10, 11:48 am

1 Answer from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Nope. Can't do that. There will be a due on sale clause in your first mortgage.

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Answered on 2/11/10, 2:21 pm


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