My Father has a private mortgage setup with someone to sell a house to them. The buyer is several months behind in payments. How should I proceed?
In short since my Father has been in a Nursing home the buyer has missed several payments in the past 2 years. The mortgage was setup privately for 5 years.
While not a large amount of money is involved because my Father is on Medicare and Medicaid I think it is an issue that must be addressed.
I am my Father legal guardian. I do have copies of the mortgage agreement filled with the court, and deposit records showing when payments were paid.
Any advice is appreciated. Thank you.
If there is another attorney that drew up the Mortgage agreement you could consult them as to how to proceed.
Since this is 2 years that they have missed some payments I am surprised that nothing was said when you presented the Annual Report to the Court with the Financial statements.
What should happen if this person can not make the payments and bring current what is owed then you have to proceed with eviction. This can take some time. And with Medicaid involved you want to make this right ASAP