Q: Is this saying I have 35 days after the due date to pay the trustee?
I bought a house from person X and I need to Pay them May 1, then corona-world happened and all the lenders stopped lending. I have three lenders working on a loan, racing to get it done, but am contemplating on offering person x $$ to extend the due date by 30 days. Via 107.080, it seems I do not have to. A loan will definitely go thru by then.
This is about negotiating, and you should consider extending the deadline to make sure you do not lose the property.
Make sure you have a modification to the contract to make sure they do not try to pull the rug.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.