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Tax, SDIRAs & Cost Segregation

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Julie Falen
  • Property Manager
  • Los Angeles, CA
35
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71
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Subject-2 buyer not performing

Julie Falen
  • Property Manager
  • Los Angeles, CA
Posted Jul 27 2022, 22:58

I sold a property Sub 2 in 2013 on a 5-year balloon. No escrow. Buyer sold the contract to someone else. Balloon was due in 2018. He has not performed, has not paid taxes or insurance so my balance went way up with forced escrow account, and loan has gone to 10% (It is/was a HELOC) I need legal help to bring suit as statute runs out August this year! Has anyone else encountered this issue?

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