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Updated over 2 years ago,

Julie Falen's profile image
Julie Falen's profile image
Julie Falen
  • Property Manager
  • from Los Angeles, CA
  • Member since Oct 20, 2010
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User Stats

71
Posts
35
Votes
Julie Falen's profile image
Julie Falen's profile image
Julie Falen
  • Property Manager
  • from Los Angeles, CA
  • Member since Oct 20, 2010
Connect
Julie Falen
  • Property Manager
  • Los Angeles, CA
35
Votes |
71
Posts
Tax, SDIRAs & Cost Segregation

Subject-2 buyer not performing

Julie Falen
  • Property Manager
  • Los Angeles, CA
Posted

I sold a property Sub 2 in 2013 on a 5-year balloon. No escrow. Buyer sold the contract to someone else. Balloon was due in 2018. He has not performed, has not paid taxes or insurance so my balance went way up with forced escrow account, and loan has gone to 10% (It is/was a HELOC) I need legal help to bring suit as statute runs out August this year! Has anyone else encountered this issue?

Los Angeles County, California
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