Posted on: 31st Jan, 2011 10:23 am
I live in Florida, my husband died recently and i cannot afford to keep the house on my own. I want to walk away from the house and buy a condo with cash from the life insurance policy. If i do this can the bank come after my new condo and if so is there any way around it?
Consult with an attorney - this is complex.
You can always walk away from a property; I presume would be paying cash for the condo.
Laws are different in every state. Discussing your quandary with an attorney is the surest way to get reasonable advice here.
You can always walk away from a property; I presume would be paying cash for the condo.
Laws are different in every state. Discussing your quandary with an attorney is the surest way to get reasonable advice here.