If I gave loan for a house but the borrower is not making payments like agreed on, what can be done?
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If I gave loan for a house but the borrower is not making payments like agreed on, what can be done?
Asked on June 26, 2014 under Real Estate Law, Montana
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
Based upon what you have written where the borrower is not making payment on the loan you gave, you can file suit or better yet, foreclose on the security that may have been given for the loan. I suggest that you consult with a real estate attorney in your locality. One can be found on attorneypages.com.
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