Alabama | Real Estate Law
5/19/03, 7:19 am
Legal Question
Vendor Lien Deed
We sold real property three years ago which we financed and gave a vendor's lien deed. He has made all mortgage payments timely. He has had financial and personal problems and he now has the property up for sale. We learned that he has a buyer and his friend told us that he intends to collect the sales price of the property in cash, and leave the country. If this happens, can we take posession of the property? What are the rights of the ''new owner''?
Share This On:
Legal Answer
|
Read More Answered By: Robert Kreitlein |
|
|
