Re: hire an attorney
Posted by njdave on January 07, 2003 at 14:27:08:
In Reply to: How to foreclose on property, owner financed posted by Dianne on January 07, 2003 at 08:31:27:
If you are the owner of the property... you don't need to foreclose. You already own the property. However, if you are the holder of a mortgage used to finance the purchase of the property... you may be empowered to initiate foreclose proceedings.
The Mortgage/Mortgage Note or whatever security instrument you used will indicate what event triggers a foreclosure.
No sense fooling around with this. Return to the Attorney who drafted the mortgage/mortgage note/DOT and he/she will make certain that it's done properly.
This is not a good place to 'learn by doing'.
