Re: Owner financed home
Posted by Ray on February 03, 2005 at 21:55:42:
In Reply to: Owner financed home posted by jhenry on February 03, 2005 at 15:23:44:
: We have owner financed a home in Texas with $5,000 down.The new owners are 4 mos. behind in pmts and are behind pro-rated prop. taxes for nine mos. in 2004 and two mos. in 2005. Need some advice on proceedures. Have sent two diff.30 day default letters.
You have no choice as a business person but to get an attorney and foreclose.
