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Path22
Nov 25, 2008, 02:44 PM
What do you do if you personally mortgage a house and it is registered on title. In the agreement they are to start payments on January 1, 2009 and the buyers have decided they don't want the house now. What do I do if they don't pay?

Fr_Chuck
Nov 25, 2008, 03:19 PM
Foreclose on the home.

ScottGem
Nov 25, 2008, 03:54 PM
What exactly has been signed between buyer and seller? Did they sign a mortgage (promissory) note? Did they give a down payment? Was a transfer of title recorded?