Legal Question in Real Estate Law in Florida

I short-sold my home last year and am concerned about the bank chasing me down for personal liability within their 5 year limit. I tried to be smart about it, but am not sure if I am safe.

I negotiated a $7,000 payment at the time of closing and just received my 1099-C tax form, does that mean that they have completely forgiven my debt and I can relax?

Thank you for your help.


Asked on 2/07/14, 12:28 pm

1 Answer from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

Impossible to answer your questions without seeing the paperwork. Remember the five year period starts from the date the last payment was due on your mortgage. Did they issue a satisfaction of the mortgage? If so, then you likely are OK.

Read more
Answered on 2/07/14, 12:32 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida