Seller financing and buyers rights?
August 31st, 2010
2 comments
Say I purchased a home having used seller financing with a previous underlying mortgage and everything is going smooth for 4 or 5 months but suddenly the person the buyer is making monthly payments to gets in some financial problems and stops forwarding all mortgage payments (ex sellers payments to bank 1,500 – buyers payment to seller 1600 but seller stops) and then a lis penden is filed eventually starting the motions of foreclosure . What right’s would the buyer have? What could be done at this point? thanks!
Also I was given the title.
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Categories: Education 5 months, bank 1, foreclosure, lis penden, mortgage payments, motions, point thanks, seller financing
