What is the name of your state? MI
We are currently selling an old mobile home to some people. Since there is money still owed on it (to Greentree Finance), and the buyers couldn't get a loan, they are buying it by taking over payments to Greentree. There are no legal documents pertaining to this agreement, just a paper stating that they are responsible for all expenses and payments, and the title will be transfered to them when the trailer is paid off. This written agreement was signed by both parties. The problem is this--they are continually late on the payments. The question--if we were to pay off the loan and have them pay us monthly, can we legally evict them if they are late in paying us, and if so how many late payments are required before we can take action? We would have the new terms of sale drawn up and filed legally.
We are currently selling an old mobile home to some people. Since there is money still owed on it (to Greentree Finance), and the buyers couldn't get a loan, they are buying it by taking over payments to Greentree. There are no legal documents pertaining to this agreement, just a paper stating that they are responsible for all expenses and payments, and the title will be transfered to them when the trailer is paid off. This written agreement was signed by both parties. The problem is this--they are continually late on the payments. The question--if we were to pay off the loan and have them pay us monthly, can we legally evict them if they are late in paying us, and if so how many late payments are required before we can take action? We would have the new terms of sale drawn up and filed legally.