Unless he goes out and borrows unsecured with no loan on the project.. then it's his equity..

For example, are you ok with your investment being unsecured for 6.5-8% where you can get a guaranteed return from the Fed for almost 5%?

Credit cards are a good source of funds and it's unsecured.

Or we may make our first home a 2-family unit so we can get our feet wet as landlords - we're not sure yet.We've drunk the Dave Ramsay kool-aid so we'd like to do this as un-leveraged as possible - either paying all cash, or using a mortgage but paying it off as quickly as possible before we purchase the next property.We want to spend the next couple years learning as much as we can about real estate, so that we can make some good decisions.

If there is money on the table I'd want it and if it's really there, you can't just ignore it and expect the holder to give it to you for nothing, not usually.You could, and more astute buyers may, consider the borrower and the unsecured portion of the debt.

The secured debt can convert to an unsecured one after the sale.Zaretsky had one client who was so relieved to have arranged a short sale that he signed every paper his real estate agent shoved at him, even a confession that clearly stated he still owed the debt."

You could also just release the DOT, leaving the note in place, but at a time unsecured, since it's your LLC.

I'm looking for a local attorney in the LA area to go after someone that is late and not responding to repayment of an unsecured note.

He loaned the money to the third party first as an unsecured loan.

- Never send financial information through unsecured email.- Confirm all wire transfer details by voice immediately before sending.- Emails sent or received shall not create a binding contract in absence of a fully signed, written contract.One idea though - contact your business insurance agent to see of you may have fraud coverage.