Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

14
Posts
0
Votes
Jenna Joan Singleton
0
Votes |
14
Posts

Where do I File a my Civil Suit.

Posted

Yes, I have questions. My LLC is in Wyoming I live in California. I did a private money loan in my Company's name to a couple in Oklahoma. Without going into all the particulars, a promissory not was signed for a short term loan (10 days). The terms were really good. He ended up breaching the contract. I filed a civil suit in my County in CA. I had a case management conference in April. I asked for an extension because we worked out that he would have me paid in 60 days. We drew up another promissory note which he also breached. I have another case management conference on the 27th. This Wednesday! My question is, did I do wrong by filling in California? Is this going to be a huge problem? My promissory note says, "by the laws of California". I am so confused on if I am doing the right thing. I have gotten mixed answers from attorneys. Does anybody know???

Most Popular Reply

User Stats

42,736
Posts
62,957
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,957
Votes |
42,736
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Chris Seveney:

@Jenna Joan Singleton

Do you have an attorney handling this?

I assume this is an unsecured note (no mortgage / deed of trust)

If it’s just the note and it says California it would first need to be done in California and they may say it should shift to state where debtor failed to perform.

Next time I recommend getting an attorney to draft docs as well because you probably should have included a confession of judgment which would have had you skip all this and get your judgment.


 Chris since you schooled me on the confession of judgement I am fairly certain those dont exist out on the west coast other wise i would have done them

I had a deal in OkC that we had to litigate little different but if the borrower is there and the use of the funds were there.. I think OKC is the venue.  

I know why some folks will want the note to be under a certain states jurisdiction.. it forces who ever is defending to come to you and its more convenient so U dont have to go to him for trial or depo's or whatever.. but then you get a CA.. judgement that you have to then port over to where ever they have assets.

business profile image
JLH Capital Partners

Loading replies...