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Updated almost 11 years ago on . Most recent reply

User Stats

46
Posts
7
Votes
Hament Raju Mahajan
  • Investor
  • Sanfrancisco , CA
7
Votes |
46
Posts

Lending in judicial forclosure states

Hament Raju Mahajan
  • Investor
  • Sanfrancisco , CA
Posted

I would like to know how to lend in judicial states like il, Ny. Where it could take many years to forclose in case of default.

I have been suggested to put a trust together between the finance partner and the working active partner. And set up lender borrower type of terms I case the active partner does not perform.

How can that be done. Are there other ways of achieving this

Any attorney recommendations for this

Thanks

Hemant

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