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Finance company....no longer financing

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F

Forsure

Guest
A finance company bought the note we held on a mobile home and the property on which it is located. The company has not mailed a payment in 3 months. This constitutes default according to the contract. As per the contract, we are afforded certain remedies; such as repossession, as outlined by the Uniform Commercial Code. I've read the UCC and understand I need to send them notice in writing that they have defaulted. As I understand it, 10 days later, I'm allowed to proceed with the repossession.....how do I do that within legal limits? Do I need an attorney? I'm in Texas and the finance company is in Florida.

[Edited by Forsure on 01-27-2001 at 07:03 PM]
 



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