$130K loan for raw land worth nothing in FL panhandle. Options?

Anonymous Sep 23, 2009 Bankruptcy and Debt 4 views 1 answers

I bought a lot in planned development in 2006 that has since gone south. The developer has not met infrastructure timelines and I am hearing that they may go bankrupt. What are my options for getting out of the loan with the least possible financial impact?

Attorney Answer

1

teven W. LedbetterProbate AttorneyVenice, FL

teven W. LedbetterProbate AttorneyVenice, FL · Jun 15, 2026

This is definitely a scenario ripe for a consult with a local attorney. It should cost more than a couple hundred dollars and then you'll know where you stand. Lots of questions affect the solution: are you, personally, the borrower? or is it an entity? are you a personal guarantor?

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