Posted by William Bronchick on June 30, 2005 at 19:50:26:
Depends on how your ILC is written. If you used mine, yes, he’d be in default just on the two payments. I would call it due, the proceed to court.
Posted by William Bronchick on June 30, 2005 at 19:50:26:
Depends on how your ILC is written. If you used mine, yes, he’d be in default just on the two payments. I would call it due, the proceed to court.
Bronchick Installment Land Contract Help - Posted by Alan
Posted by Alan on June 30, 2005 at 19:45:20:
If the Purchaser does not comply with the following items listed in the installment land contract, doesn’t that constitute default?
If Purchaser in default then can’t Seller accelerate and require ALL unpaid principal and all interest payments on that amount due? Thank You, Alan