Z
zebra120
Guest
I reside in California and am the holder of a 2nd trust deed of $20K on a condo worth $325K. The terms are a 2 year balloon at 8%, with monthly payments of $166.
Since I was remiss in not addressing late fees, I have received my payments in a not so timely fashion. The last check for 2 months payments bounced. There is a clause exonerating me from legal fees if the note is called (my preference) or foreclosure. Since I know the Trustor, and know he is playing games for some personal reasons, how do I call the note or advise him I am going to do so?
Thanks
Zebra120