California  |  Real Estate Law

Legal Question

Asked on: 9/19/13, 8:30 pm

What are the steps to take back a home that I am the bank, I am owner carrying a loan for the buyer on a forrestry owned land that the buyer has defaulted on several payments?

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Answered on: 9/20/13, 8:28 am by Anthony Roach

You mean you are a hard money lender? It would help to know whether or not the loan is secured, and if it is, how it is secured. This is something that should be discussed with an attorney, rather than on a bulletin board forum like Lawguru.


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Law Office of Anthony A. Roach 9909 Topanga Canyon, Ste.313 Chatsworth, CA 91311

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Answered on: 9/20/13, 9:47 am by William Christian

I agree with Mr Roach. Your proper action depends on the documents reflecting the loan and security terms. If you have a deed of trust, your remedy will, in general, be foreclosure. See an attorney who can advise you based on your circumstances.


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Rodi Pollock 444 S Flower St Los Angeles, CA 90071

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Answered on: 9/20/13, 10:12 am by Phillip Wheeler

If there are security terms attached to the loan then it depends. Are there? In my experience these situations become foreclosures.


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Phillip D. Wheeler, Attorney At Law- caonlinelawyer.com P.O. BOX 665 Morro Bay, CA 93443-0665

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