Don’t wait any longer, sue buyer
Sunday, August 26th, 2007Q:I sold my house six years ago and carried back a $7,000 second mortgage at 5 percent interest for the buyer. She has made only random payments of different amounts, for about $5,000 total, including interest. There was supposed to be a balloon payment at the end of two years. She still owes me about $5,000. My problem is the agent who handled this said he would handle any problems. He has all the paperwork. I’ve avoided consulting an attorney because I heard the fee would be more than the loan balance. What should I do?




investment property