Posted on: 14th Oct, 2009 10:33 am
I sold a new mobil home and half acre lot that was completely set up and landscaped with a 8x10 storage unit for 40,000.00. I have a loan at tmy bank for 20,000.00. The person I sold it to paid me 20,000.00 down and has been making payments of 300.00 each month. The problem is that she is constantly late and is getting worse. This is messing up my credit at the bank. In our legal sales agreement if she is 15 days late she is in defalt of the loan. I have had a number of conversations with her about being late, but it has not helped. Is there a way I can forclose on her without getting an attorney.
Hi jmlupo!
Welcome to forums!
In my opinion, it is always better to contact a foreclosure attorney and take his opinion rather than foreclosing the property alone. The attorney will be the right person to let you know what steps you will have to take in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
In my opinion, it is always better to contact a foreclosure attorney and take his opinion rather than foreclosing the property alone. The attorney will be the right person to let you know what steps you will have to take in this regard.
Feel free to ask if you've further queries.
Sussane