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Notice of Default for Past Due Payments in Connection with Contract for Deed New Mexico Form

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Notice of Default for Past Due Payments in Connection with Contract for Deed New Mexico Form

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when I sell our finance my property what happens if the buyer stops paying hi I'm Nate with key renter and if you're exploring seller financing this is always going to be a question that comes up what happens if the buyer stops paying what what do we do at that point so the first thing I want to share with you is that a buyer versus a tenant is much different because the buyer has a lot of skin in the game so it's a lot less likely that a buyer is going to default simply because they have put ten fifteen sometimes even twenty percent down on the property so selling a home for $300,000 they put thirty to forty thousand dollars down that's a substantial amount to walk away from so if they stopped paying they would essentially be losing that money that you captured now just a side note a lot of investors look at when it when a tenant or excuse me the buyer stops paying as a good thing because they have that money on the front end that if the buyer stops pay

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