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Updated about 13 hours ago, 12/28/2024
Promissory Note - how to secure or any ideas to help in this situation?
I sold a mobile home giving Owner Financing (OF) (never again will I offer OF). The buyer had the mobile home demolished. Crazy I know. She is now in arrears 3 months and has agreed to deed the land back to me and take a Promissory Note for the balance 30K. I think this arrangement is better than nothing or me taking her to court to only get the land back. I know she can stop paying on the Promissory Note as it attaches to nothing. Any ideas appreciated? She is a real estate agent but rents so no property to place a lien on.