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    Path22's Avatar
    Path22 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 25, 2008, 02:44 PM
    Mortgage house
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Nov 25, 2008, 03:19 PM

    Foreclose on the home.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    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?
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