QUESTION
Made loan to individual for $110,000. Payments were missed and we're now 5 years from maturity. Can I increase monthly payment to meet maturity date?
Asked on Mar 09th, 2017 on Civil Litigation - New Jersey
1 ANSWER
Depends what's in the loan agreement.
Most loan agreements have a default provision, allowint you to call in the entire loan.
Call if you would like to discuss.
Edward Zohn, Attorney at Law, 908.791.0312
Answered on Mar 13th, 2017 at 5:23 AM