Buyer put $125,000 down on a small commercial house. Owner financed remainder of $132,500 for 2 years. That period has ended.
Nashville, TN
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Posted about 1 month ago in Debt / Lending Agreements
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Buyer made lots of repairs to home/building, but has been unable to find a new Buyer. Seller advised that she is starting foreclosure proceedings. Buyer would like to renegotiate, but Seller does not. Any suggestions for current Buyer/Owner? Property does have a tenant. Buyer/Owner has never missed a payment.
The original owner has gone to tenants and taken this month's rental check and told them to make all future payments to her. She says she is acting on the advice of her lawyer. Help!! Answers (0)
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