Panama City Beach, FL asked in Criminal Law and Real Estate Law for Georgia

Q: Gift letter was signed for intent as a gift of money for a mortgage, and now that party says it was a loan, is it fraud

It was stated in the gift letter that it does not have to be paid back it is a gift. Now party says it was a loan and wants the entire amount paid back. What happens?

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1 Lawyer Answer
Priscilla T. Upshaw
Priscilla T. Upshaw
  • Criminal Law Lawyer
  • Powder Springs, GA
  • Licensed in Georgia

A: More likely this will/can be settled in small claims, depending on the amount specified in your jurisdiction. It is best to contact an attorney who can assist you with the specifics of your circumstances.

If you and the property are in Florida, you should contact an attorney licensed in the state of Florida. If it’s Georgia, you should contact an attorney licensed in Georgia.

I wish you well.

-The Upshaw Law Firm, (770) 240-0922.

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