Dennis H. asked
I made a business loan of $50,000 to another LLC for home renovations and was not repaid. The borrower disappeared, and I have a signed contract with a property in NC as security for the loan. I also found papers indicating the borrower has a rent-to-own agreement with someone in Florida. What are my options to recover the loan, and do I need to put a lien on the property?
August 13th, 2023
Brandon G. answered
To recover your loan, you need to first sue for breach of contract, which means one party was obliga...
August 13th, 2023
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