All Forum Posts by: James Blackwell

@Chris Gawlik I agree 98%, business have gone under never to return, the entertainment industry from sports to concerts even night clubs where people depend on tips all have had huge losses. The only counter to that is the current immigration wether it be legal or illegal is almost none (which does not help is in the long run). You are right a lot optimist I want to be, in our current situation I just don’t see how.

Can I negotiate with the first without consulting with owner, he has defaulted on second.

Yes I'm on title and recorded as second, that's why the first time it went into default I was sent notification.

I took second position on a property in the ballpark for 100k that was paid directly to the bank to bring current. The value of the home was around 1 million, after the loan 700k owed on property. Well several months down the line I get letter saying property has defaulted and to be auctioned off, property was auctioned off but sale was reversed because owner filed chapter 13. Now several months later to my surprise it has defaulted again this time I did not receive notice owner told me. Owner was family friend and tremendously helped my family, had multimillion property he was fighting to keep. I was trying to keep him afloat. Property that I have second on has not been sold yet What if any options do I have.