Debts and Credit Legal Questions and Answers
If I want to loan my friend money, how do I guaranty I am repaid with a promissory note?
I am going to lend a friend $16,500.00 to save her house from foreclosure..I need some kind of a promissory note, IOU or whatever you feel is the right document to guarantee the return of my money.
03/25/2010 | Category: Debts and Cr... » Promissory N... | State: New York | #21549When Should I Sue Someone for an Unpaid Promissory Note?
I gave my car to a friend 2 yrs ago ;and i am the name on the loan of the car,and he can no longer afford to make the monthly payments we both signed and wrote up a promissory note and witnessed and signed by a notary public, so we are going to voluntary return the vehicle to where i first bought it at,it was through wells Fargo finance, i know they will resale it at an auction...
03/12/2010 | Category: Debts and Cr... » Promissory N... | State: California | #21379How Do I File a Lieen for Defaulting on a Promissory Note?
My sister defaulted on a personal loan and I want to file a lien against her to collect my money, where can I find the forms needed and how do I go about filing my lien. She lives in Texas. She agreed to pay the loan back by the end of September 2009 and now I have not seen a dime. I told her there would be 6% interest compounded daily for being late on her loan.
03/07/2010 | Category: Debts and Cr... » Promissory N... | State: Florida | #21282Do I Have to Return Items I Pawned That Belong to Someone Who Owes Me Money?
My niece was trying to help out a friend and allowed her to stay in her home rent free.The girl had her boyfriend occasionally spend the night. The girls boyfriend wrecked my nieces truck, they agreed to pay for the damages, they got estimates but never paid. My nieces husband found this girls boyfriends necklace & bracelet laying in the bathroom and took it to a pawnshop and p...
02/03/2010 | Category: Debts and Cr... » Promissory N... | State: Florida | #20770What is a Good Way to Renegotiate a Loan?
During 2007/2008 I borrowed a total of $12,500 in three separate loans from a friend during a period of financial hardship. I signed a promissory note which stated that I would repay the loans in full upon the sale of my home. I tried unsuccessfully to sell my home in 2008, using the services of a realtor. Although I am still experiencing financial hardship, I feel that I sh...
01/31/2010 | Category: Debts and Cr... » Promissory N... | State: California | #20707How Do I Help My Son With a Down payment for a House?
We live in Minnesota. Our son and his wife live in Virginia. They are looking for a house and we have offered to either give them or loan them money to help out with the down payment, primarily to get them down to the 80% of value level. He is our only child, so we are not really concerned about getting the money back, but I am concerned if there are any legal or tax issues ...
01/31/2010 | Category: Debts and Cr... » Promissory N... | State: Minnesota | #20705What kind of promissory note is used to loan money to family by signature only?
I have loaned a family member 150,000 terms: 7/03/09 loan interest only @8%. March 2010 to pay minimum of $75,000 based on a 2 year loan.What is name of promissory form required. This loan is signature only loan.
01/29/2010 | Category: Debts and Cr... » Promissory N... | State: California | #20678How Do I Avoid a Statute of Limitations Defense in a Promissory Note?
All parties described herein are California residents and all of the following transaction occurred in California.On April 25, 2006, I lent a substantial sum of money to an individual (the 'borrower') with whom I've done business for many years. On the same date, the borrower executed a promissory note in which he agreed to repay the amount in 60 equal payments over five years...
01/26/2010 | Category: Debts and Cr... » Promissory N... | State: California | #20638Can I Get Recourse for a Promissory Note Despite Creditors Having Prioritized Security Interests?
In California, do I have any recourse if an ex-spouse decides to renege on a Promissory Note that was issued for unpaid community interest and is secured by the property we once owned jointly? Specifically, I'm in a 3rd position behind two mortgages. Does the fact that my Promissory Note was approved by a judge (unlike the two mortgages in front of me) allow me to seek a judg...
01/19/2010 | Category: Debts and Cr... » Promissory N... | State: California | #20521What is the Difference Between a Loan and a Mortgage?
I am doing a promissory note with my parents. They want to make sure it is recorded, so I am trying to find the correct form. $325,000 at 4.5% interest for 3 years. Should I use a promissory note then put a lien on the property in case something would happen to me or should i do a mortgage with them instead and register the mortgage by a lien against the property. the mortg...
11/24/2009 | Category: Debts and Cr... » Promissory N... | State: Florida | #19769