Legal Question in Credit and Debt Law in Virginia

I have a note from the purchaser on a piece of property. Now he cannot pay the balloon note which is coming due. He has already paid in approximately $1 million.

If he defaults on the note, and I resell the property do I owe him for the monies he has already paid?


Asked on 11/19/13, 1:22 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Without reviewing the terms of this note, I don't see how a credible

answer could be provided to this question.

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Answered on 11/23/13, 9:14 am


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