QUESTION
When 3 people own a property and one person paid mortgage for 18 years the other two paid asso fees (this is a condo) now the other two people want ou
Asked on Aug 28th, 2014 on Elder Law - Florida
More details to this question:
Who is responsible to pay what the existing debt , their promised financial responsibilities and equity mortgage paid 130,000 still owed 48,000 appraised at 180,000
1 ANSWER
Bankruptcy Chapter 7 Attorney serving Bartow, FL
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Lynn W. Rhodes, P.A. Attorney and Counselor at Law
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Those who signed the note for the mortgage pay that. Condo fees are not payment on the debt but only month to month payments.running under the condo docs. If the three of you signed some other agreement among you that might be invoked. I am not really sure what you want to accomplish FOR yourself however.
Answered on Aug 31st, 2014 at 5:29 AM