Legal Question in Real Estate Law in Florida

If u are considering stopping payments on a vacant property to get other things in order....possibly foreclosure....worst case. Bottomline, unable to make payments at this time. Is it better to call the banks and discuss ????


Asked on 6/20/12, 9:30 am

1 Answer from Attorneys
R. Jason de Groot R. Jason de Groot, P.A.

It depends upon whether you want to keep the property or let it foreclose. Perhaps the company would be willing to modify, or perhaps you can refinance to a lower payment. If you do not make the payments, you will eventually lose the property.

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Answered on 7/30/12, 11:20 am


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