Sunday, 6 April 2014

I sold my condo but the buyer couldn't raise enough mortgage so I provided a Promisory Note for the balance to be paid to me within a year.T...

Question

I sold my condo but the buyer couldn't raise enough mortgage so I provided a Promisory Note for the balance to be paid to me within a year.

The buyer won't pay. Makes excuses.



Answer

Foreclose.



Answer

Mr. Marion is correct. Foreclose and put the property back on the market.



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