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-   -   Purchaser doesn't want to pay what he owes on an addedum (https://www.askmehelpdesk.com/showthread.php?t=92592)

  • May 14, 2007, 05:30 PM
    edlynedesroches
    Purchaser doesn't want to pay what he owes on an addedum
    I sold a property 1 year a half ago and the guy does not want to pay the money he owes me . We had a separate addedum on the side and he was suppose to pay me 18.000 at closing and 30.000 and he just doesn't want to pay. I think the paper work was faulty. Please someone help me out please.
  • May 14, 2007, 05:52 PM
    RichardBondMan
    Quote:

    Originally Posted by edlynedesroches
    I sold a property 1 year a half ago and the guy does not want to pay the money he owes me . We had a seperate addedum on the side and he was suppose to pay me 18.000 at closing and 30.000 and he just doesnt want to pay. I think the paper work was faulty. Please someone help me out please.

    I assume an atty drew the paperwork up ? If so, ask the atty for guidance. If your atty didn't draw up the paperwork, addendum, etc, consult him anyway.
  • May 14, 2007, 06:48 PM
    Fr_Chuck
    Actually you should have had a mortgage where you were the lien holder and you would have filed a mortgage on the deed at the courthouse.

    Then if he did not pay, you could foreclose,
    And I guess Richard he would have used an attorney, no one would sell a 48,000 house without an attorney or title company.

    But you will need to demand payment, and start foreclosure, get a local attorney to start the process,
  • May 14, 2007, 07:35 PM
    AW805
    You had an addendum to what?
    Did the Buyer finance a part of the purchase and you were to hold a second?
    Was there a servicing agent involved? Please provide more specifics.

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