note/lien default
Posted: Wed Jul 09, 2003 9:04 pm
I sold a mobile home and am carrying the note on it. The principle balance is about $18,000 and the home is worth about $45,000.
I found out the people who bought it from me are selling it which is prohibited in the contract. I called, emailed and am sending a 30 day notice for the balance tomorrow by certified mail.
What is my next step? If they do not pay do I go after them or repossess the home from the new owner who is a victim in this case?
Any suggestions would be greatly appreciated.
By the way, this is in the state of California.
Thank you,
Linda
I found out the people who bought it from me are selling it which is prohibited in the contract. I called, emailed and am sending a 30 day notice for the balance tomorrow by certified mail.
What is my next step? If they do not pay do I go after them or repossess the home from the new owner who is a victim in this case?
Any suggestions would be greatly appreciated.
By the way, this is in the state of California.
Thank you,
Linda