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Updated about 9 years ago on . Most recent reply

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2
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Jared Newsom
  • Houston, TX
0
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2
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Owner Finance Foreclosure on the Physically Disabled

Jared Newsom
  • Houston, TX
Posted

I have received a great offer on a rehab I am selling. It will be purchased by a single woman with a handicapped friend that lives with her (not on the contract).  The terms are owner finance with a balloon payment in 9 months.  Considering a worst-case senario, I may have to foreclose in 9 months.  If that becomes reality, am I going to have a legal battle on my hands due to a physically disabled person living on the property?  I am in Corpus Christi, TX.

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