In 2014 my mom sold her house and loaned the buyer 10,000 that he agreed to re-pay by signing a promissory note. My mom died in 2016 and I (the executor) requested that the buyer find other financing for the small balance of approximately $6000 left on the note. In response the buyer told me he was "dealing with your mom" even though he knew she had died. He has not returned phone calls or voicemail so he's pretty dodgy. He is making payments in full and on time so that's good. Unfortunately, we have to keep her bank accounts open just for the monthly promissory note payment. Can we make changes to the note or to whom the note is paid? Are there any options? I would like to close this up and I don't like the buyer's attitude either. Thank you.
If this person is making payments you’re in good shape. Leave everything as it is and keep good records. If you are really worried I would go ahead and hire a private investigator to locate him in case he does stop paying. Then you will be able to sue and possibly recover.
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