Do I enjoy a right to get hold of my money spinal column?
As individual a hardcash lender for genuine estate investment. A broker borrowed $30K to flip a house and I charged him 15% which is something like $4500 profit and the subsequent daylight he lost $30K. I dont know how, but can I force him to settle up me posterior?
Answers:
I don't know what you be set to by he lost $30K. If you are a rugged currency lender, afterwards I am assuming you have him sign a make a note of for the $30K plus the 15%. I despise to bequeath Free consulting, but here it go. Whenever you lend on a home, your loan is secured by that home. So, you would directory a lien on the property. Then when he go to deal in or refinance the contemporary lender will force him to payment it, becuase they can't own liens on the property. The title company will contact you for a payoff. At that time you would include the $30K plus the 15% plus any more fees your written contract allows you or other fees of defaulting that are all right if you don't own it contained by writting. Good luck.
sure as long as you enjoy adjectives of this within writing and none of this "he said she said" stuff -- course the problem you might hold is similar to the aged dictum "frozen to grasp blood out of turnip" but i would hound him relate you know what freezes
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Answers:
I don't know what you be set to by he lost $30K. If you are a rugged currency lender, afterwards I am assuming you have him sign a make a note of for the $30K plus the 15%. I despise to bequeath Free consulting, but here it go. Whenever you lend on a home, your loan is secured by that home. So, you would directory a lien on the property. Then when he go to deal in or refinance the contemporary lender will force him to payment it, becuase they can't own liens on the property. The title company will contact you for a payoff. At that time you would include the $30K plus the 15% plus any more fees your written contract allows you or other fees of defaulting that are all right if you don't own it contained by writting. Good luck.
sure as long as you enjoy adjectives of this within writing and none of this "he said she said" stuff -- course the problem you might hold is similar to the aged dictum "frozen to grasp blood out of turnip" but i would hound him relate you know what freezes