Asked in Real Estate Law for Oregon

Q: carry mortgage on home...buyer is removing structures how do i call loan.

sold my property and carry mortgage buyer is removing structures and I have a due on sale clause which forbids that.

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1 Lawyer Answer
Jeremy R. James
Jeremy R. James
  • Portland, OR
  • Licensed in Oregon

A: Although more information is required before this question can be fully answered, from what you describe, it sounds like you will need to review the notice provisions that likely are included in your land sale contract and send a formal notice to the buyer informing the buyer of their breach and demanding the full payment of the remaining loan balance and interest. Before you do that, however, you should consult with a local attorney experienced in real estate transactions and disputes to review the land sale contract and the specific facts of your situation.

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