HOW DO YOU PURSUE A CLAIM AGAINST SOMEONE WHO DID NOT FULFILL A PROMISSORY NOTE DEALING WITH REAL ESTATE?

Note (notarized) minute I was to embrace 8% seductiveness upon my investment (15K) in the skill you owned jointly. Never perceived the payment. Property was not long ago sold, as well as right away he states correct bills used up all of the profit, so all I will get is my investment as well as $1,000. These bills were presumably for repairs due to the “meth/cocaine lab used upon the premises in 2003. Never kept in hold or returned emails or phone calls. This reply from him usually came after I did my own investigate as well as found out the skill had been sole the couple of days ago as well as I sent him the fax as well as email detailing everything. He wants the sealed matter releasing him from the note. I’m carefree I can aspire to authorised avenues if required with the note for during the smallest the rest of my seductiveness owed. Property owned for 5 years. He right away owns his own Real Estate association as well as took 4 years of taxation benefits from the property. I was usually given annals for the initial year to use.
To clarify, I did discuss it him I longed for the skill sold, he only didn’t hit me when he did, as well as I do not know when he would have. While the note settled you were corner owners, I do not consider I was ever placed upon the title, so which left me as an investor. I was in the military, stationed abroad for most of those years. The was an acct were he was ostensible to deposition the money, though claimed as erapirs came up he would pronounced supports for repairs, given I was ostensible to share upon those repairs.

{ 5 comments… read them below or add one }

sammypay November 2, 2010 at 7:12 pm

ya lost me once u said promissory

Dachelle T November 2, 2010 at 7:38 pm

you can take legel action, you may be able to get a judge to let you have a subpoena for the records without getting a lawyer. If not you still have a good case.

Paula M November 2, 2010 at 8:14 pm

Joint owner????and he sold w/out your knowledge… hmmmm…I’d file a lien against his real estate company and freeze his accounts until you can sort it out legally…

Owned for 5 years and never questioned the fact you didn’t receive any payments on your investment….odd.

If your case holds, you can go to court and get a judgment….the amount is to high for small claims, so it’ll cost you money to pursue this, but if the house sold out from under you……unless….Did you sign a quit claim deed early on?

Maybe you can void the sale of the property…

bigrob November 2, 2010 at 8:15 pm

You should be able to get a free consultation with an attorney who specializes in Real Estate Law.

candle November 2, 2010 at 8:22 pm

None of these answers doing it for you?
Sometimes none of the answers get it just right. If so, pick “No Best Answer”.
Voters DO NOT get any points for voting on the No Best Answer.

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