Legal Question in Real Estate Law in Colorado

Mobile Home Sale

I am closing on the sale of my mobile home tomorrow morning at 9:00am. The buyers are paying off in full my balance owed the mortage company and the realtor company's charges. I am to carry a balance of approx. 5,000.00. My question is--what happens if they default on their monthly payments to me? I am moving out of state and the realtor doesn't act as if their company wants to be involved in the carry, what options are open for me?


Asked on 12/21/00, 2:56 pm

1 Answer from Attorneys
Richard Schroeder Richard O. Schroeder, Counselor At Law

Re: Mobile Home Sale

If the buyers default then your agreement governs how you will proceed. You may have to sue them, or forclose, or whatever remedies the contract provides for.

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Answered on 12/29/00, 11:03 am


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