Legal Question in Real Estate Law in Connecticut

i sold a property with the buyer understanding that he must pay me alump sum within 3 yrs of the sale. the time of payment is now but he said he has no money. if he or his wife have a retirement fund, can i have the money taken from that?


Asked on 5/31/10, 2:43 pm

1 Answer from Attorneys
Linda Subbloie Linda A. Subbloie, Esq.

Before you can even think about where you are going to "take" the money from, you need to sue the buyers and get a judgment against them. I would need more information, but you could possibly foreclose against them, and take back the property, depending on the circumstances.

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Answered on 6/01/10, 1:28 pm


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