Real Estate
If someone buys 100% of our corp. shares of 15 years and he defaults, does the property go into foreclosure and public auction or can we get our shares/property back?
Re: Real Estate
Your question is not quite clear, but I think you mean that you sold your corporation's shares to this person, payment to you over 15 years, and the corporation owns real estate, and the buyer is not now paying you. Is all of that right?
In any case, what you can do to enforce your rights will depend a great deal on what the documents say, the agreements that you made in writing with the buyer. You need a lawyer to look over all of the documents, and talk to you to find out what happened, and then give you some advice as to what your choices are.
Please call my office if you would like my assistance. I would be happy to speak to you on the telephone, but it will take more than just a brief telephone call to assist you with these issues.
My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru. This website, LawGuru, will NOT let me list my phone number in this response.
Disclaimer: Your question and any response does NOT create an attorney-client relationship between you and this law firm. You can not rely on the statements made by an attorney given over the internet. The response that you have received is based only on the small amount of information which you have provided. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.
Re: Real Estate
Your question is not quite clear, but I think you mean that you sold your corporation's shares to this person, payment to you over 15 years, and the corporation owns real estate, and the buyer is not now paying you. Is all of that right?
In any case, what you can do to enforce your rights will depend a great deal on what the documents say, the agreements that you made in writing with the buyer. You need a lawyer to look over all of the documents, and talk to you to find out what happened, and then give you some advice as to what your choices are.
Please call my office if you would like my assistance. I would be happy to speak to you on the telephone, but it will take more than just a brief telephone call to assist you with these issues.
My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru. This website, LawGuru, will NOT let me list my phone number in this response.
Disclaimer: Your question and any response does NOT create an attorney-client relationship between you and this law firm. You can not rely on the statements made by an attorney given over the internet. The response that you have received is based only on the small amount of information which you have provided. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.
