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Updated over 6 years ago,

User Stats

441
Posts
96
Votes
Nadir M.
96
Votes |
441
Posts

How to get my money back?

Nadir M.
Posted

Hello everyone,

Here is my situation:

I bought my house about three years ago. After living in it for almost a year I was able to build a nice chunk of equity so I decided to take a Home Equity Line of Credit. After being approved, I decided to invest that money by giving it to my friend who also happened to be my realator who I purhased my first home from. I would say that I did not approach the situation in the most appropriate manner but long story short, we signed a promissary note which gaureented me getting my money back in three months. Well it's now been 10 months and everytime I ask about my money they either ignore my calls or tell me it's going to be very soon. What's the best way to approach this? How can I get my money back? I will definitly say that I learned my lesson and going forward, I will handle this situation a bit differenlty. 

Thanks,

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