Legal Question in Real Estate Law in Pennsylvania

real estate

I hold a second mortgage on a house I sold. Terms are $400 a month for 23 months and balloon payment of $13600 on the 24th month. They never paid me on time and last month NO payment. How can I get my monies from them and the $13600 which is due in April 08?


Asked on 11/02/07, 5:06 pm

1 Answer from Attorneys
Roger Traversa Arjont Group (Law Office of Roger Traversa)

Re: real estate

You asked about foreclosing on a real estate note.

Yep, I said it. Foreclosure. That is your sole recourse assuming that your note is properly secured.

You must hire an attorney to handle this matter. Collections is very tricky and must be coordinated with the holder of the primary note.

Regards,

Roger

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Answered on 11/02/07, 8:18 pm


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