Legal Question in Real Estate Law in Florida
signature loan on property
In 2003 my father in law borrowed 35,000.00 from a relative and had it notorized but not recorded. He used 38 acres as collateral. We knew nothing about this. This year we had all of his property put in our names and did a title search and it came back clean. Now 4 years later she came forth and put a lien on the property which is not in my father in laws name anymore and she just recorded the loan at the courthouse. Can she legally make us pay her back? If it went to court what could some of the outcomes be?
2 Answers from Attorneys
Re: signature loan on property
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Since your father-in-law no longer owns the property, the lien will probably not be upheld but it may still color the title. You will probably need to file a suit to quiet title in order to clear this off the property's title.
Scott R. Jay, Esq.
Re: signature loan on property
You need to have the lien vacated.
Retain counsel. Good luck.
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