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    edlynedesroches's Avatar
    edlynedesroches Posts: 3, Reputation: 1
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    #1

    May 14, 2007, 05:30 PM
    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.
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
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    #2

    May 14, 2007, 05:52 PM
    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.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    May 14, 2007, 06:48 PM
    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,
    AW805's Avatar
    AW805 Posts: 283, Reputation: 43
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    #4

    May 14, 2007, 07:35 PM
    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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