statute # if you have it please
2007-11-15 03:29:15 · 6 answers · asked by Cutie 1 in Business & Finance ➔ Renting & Real Estate
That lender has been given a security interest in the property (Florida is a Trust Deed state) in order to secure a Note. Until that Note is paid in full, and they acknowledge it's paid in full (Reconveyance), they still have that interest.
Otherwise, they wouldn't loan the money.
Seriously, if it were null and void after (say) twenty years, then all mortgage loans in Florida would be due in twenty years or less.
Lenders are some pretty sharp operators, at least most of the time. This one takes about the intelligence of a cabbage to see.
2007-11-15 03:40:00 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
Of course not. The only time a mortgage becomes 'null and void' is when it is retired by payment in full, by foreclosure, or other agreement by the mortgage lender.
2007-11-15 12:09:54 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
ya lost me, null and void No never
into foreclosure yes and do you have to repay highly doubtful if ya file bankruptcy.
Otherwise u r in debt and could be garnished
2007-11-15 11:32:51 · answer #3 · answered by carndog64 2 · 0⤊ 0⤋
I live in Fl but not sure what you are asking.
2007-11-15 11:32:18 · answer #4 · answered by ? 6 · 0⤊ 0⤋
After you pay off the loan.
2007-11-15 11:32:10 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Nope.
2007-11-15 11:36:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋