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.

Since it appears the 3rd is basically unsecured, it's value is significantly reduced, but that's not to say worthless.The O&E Kent mentioned, isn't instantly obtained here, took a couple days, may not be where you are, BTW Kris,, you need to fill out your location in your profile, it allows us to have a better picture of potential issues with legal aspects of your deals.

@Jesse Simpson private lenders or unsecured debt will be your best options for that type of loan

If the answer there is no, the loan is unsecured.

I have underwritten multiple Commercial Real Estate Portfolio loans (in addition to many personal unsecured / secured lines of credit, margin loans and small business loans) ... which has sparked my interest; why not slowly try and jump to the investor side?

@Chris G.One more option:  Get an unsecured personal loan at an amount that would bring your mortgage down to 80% LTV, paydown your mortgage, and remove PMI.  

It could be an unsecured loan just to you. 

Hello All,          Wonder if anyone has any experience with -  Business partner of mine said they were offering him an unsecured loan with no payments for 1 year and a reasonable rate.