Re: Eviction! Help quick! - Posted by Ron
Posted by Ron on February 04, 2002 at 20:34:02:
It’s more than likely too late on the contract your speaking about, but in the future, have it in your contract that the payment is due on such and such date and when that date comes due and the payments hasn’t been made, then add a $25.00 late fee plus $5.00 each day thereafter until paid in full. If and when a buyer becomes 30 days late, start your proceedings then and get them out as soon as possible.
In Kansas we have strict guidelines regarding this and must comply with the U.C.C. I turn mine over to our Attorney, his fee is $250.00 and it takes right around 45 to 60 days to cure and in the meantime your without the income but can get a judgement for monies owed. I sort of laugh at the latter, heck, they owed me money in the beginning, I’m quite sure I’m not going to get any when it’s over.
Just my two cents worth,