Thank you for your question. I look forward to working with you to provide you the information you are seeking.
If you have a written contract
, which is what the promissory note is, and the other party will not comply with the terms, your only legal recourse is to file suit in court for breach of contract
and seek to get the court to order either repayment or force a sale on the house. If the party does not comply with the court order, then they can be held in contempt of court for refusing to do so.
Thank you so much for using JustAnswer.com. I truly aim to please you as a customer, but please keep in mind that I do not know what you already know or don't know, or with what you need help, unless you tell me. If I did not answer the question you thought you were asking, please respond with the specific question you wanted answered. PLEASE use REPLY to EXPERT if you would like more information or if you feel something was not included in your answer.
Kindly remember the ONLY WAY experts receive any credit at all for spending time with customers is if you click on OK, GOOD or EXCELLENT SERVICE even though you have made a deposit or are a subscription customer. YOU MUST COMPLETE THE RATING FOR THE EXPERT TO RECEIVE ANY CREDIT, if not the site keeps your money on deposit.
Also remember, sometimes the law does not support what we want it to support, but that is not the fault of the person answering the question, so please be courteous.