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sold property under land installment and they are in default

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Lynn Seigfreid Guest	Posted: Mon Aug 15, 2011 11:12 am    Post subject: sold property under land installment and they are in default Like 0 Dislike 0 Do I have to foreclose on the people? Is forfelture something I can do? [Email address deleted as per forum rules. Thanks.] _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Mon Aug 15, 2011 7:46 pm    Post subject: Like 0 Dislike 0 Hi Lynn, As your borrowers are in default, you have the rights to foreclose the property. Nevertheless, you should check out your loan agreement that you have signed with them in order to find out what you've mentioned in it. Apart from that, you can contact an attorney and take his opinion in dealing with the matter. Thanks

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