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Owner finance problems: Is their a way I can make them seek alternate financing?

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  • Owner finance problems: Is their a way I can make them seek alternate financing?

    I have a piece of property I have owner financed to a person whom stays behind on their payments. They continue to stay 30, 60, and 90 days behind at a time. When they hit 90 days we send a letter giving 10 days to get current or we take back rights to the property. They always end up paying on the 9th or 10th day. Last month they were 90 + days behind and payed on the very last day. This month they are behind again! How can I stop this? Is their a way I can make them seek alternate financing or get the property back if they continue to stay behind?

  • #2
    re: Owner finance problems: Is their a way I can make them seek alternate financing?

    See your other post...

    http://www.legaljunkies.com/forumbuy...-payments.html

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