Real Estate Law
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If you have a promissory note and deed of trust for the loan, you can foreclose on the property.
If you have a contract that has been breached, you can file suit to receive a judgment and recover the property.
Either way, you'll end up with the property due to their failure to pay. You should see an attorney about what rights you have - depending on what documents you have executed from them.
Someone told me to "dissolve/nullify the contract due to breach of contract"? then proceed with eviction steps. I have never heard of this. Is this actually done?
I have never heard of doing that either. It makes no sense to dissolve or nullify the contract. If you do that, I think your lose your rights - you're withdrawing from the contract due to the other party's breach.
I wouldn't go this way.
Just one more question. Is forfeit the same as nullify? There is wording in the contract which talks about seller's right to forfeit under RCW 61.30 ...seller shall be entiled to possession of real estate which may be enforced under provisions of RCW 59.12.
It looks like the buyers knew the law when we signed the contract. I lose $ and I'll have to spend $ to catch up the taxes and recover the property. Another hard lesson learned in trusting people to be honest and responsible. Thanks for your help. Appreciate it.
No, forfeit is not the same as nullify. Forfeit is to quit; nullify is to void something.
You should see an attorney about recovering the property and your money due. Usually, you're entitled to recover costs of collection/attorneys fees.
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