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Updated about 5 years ago on . Most recent reply
Lawyer recommendations for non-payment of hard money loan
Hello, I entered into a contractual relationship with an Atlanta-based company I met on these forums to loan them money to do two Atlanta flips. The deadlines came and went and they didn't pay me back my capital or profit. I got a default judgement against them and now I need to collect.
Any recommendations for a lawyer? Thanks!
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Curt Smith
#5 Mobile Home Park Investing Contributor
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#5 Mobile Home Park Investing Contributor
- Rental Property Investor
- Clarkston, GA
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Curt Smith
#5 Mobile Home Park Investing Contributor
Pro Member
#5 Mobile Home Park Investing Contributor
- Rental Property Investor
- Clarkston, GA
The standard way to JV / lend funds for a flip is that the lender gets a 1st security deed. You can call any local real estate attorney to file for foreclosure on your 1st lien.