S
soharve
Guest
What is the name of your state?
California
Someone owed me $40K and would not return the money. I know I have to send out demand letter 3x before any case may be filed. But I just do not know how to proceed.
The $40K loan and secured under a Deed of trustee as collateral. The lendee loaned the money to buy a foreclosed house with which she would see and when she does, she will pay me back. She is paying me an interest of $600 per month (verbal agreement only) She has already some bounced check which I kept. She keeps lagging in payment. Our contract is supposed to be up to Dece.2003 only, when I try to collect,she makes all sorts of reasons. What is my remedy? I do not know if this is still consider as small claims... please advise
California
Someone owed me $40K and would not return the money. I know I have to send out demand letter 3x before any case may be filed. But I just do not know how to proceed.
The $40K loan and secured under a Deed of trustee as collateral. The lendee loaned the money to buy a foreclosed house with which she would see and when she does, she will pay me back. She is paying me an interest of $600 per month (verbal agreement only) She has already some bounced check which I kept. She keeps lagging in payment. Our contract is supposed to be up to Dece.2003 only, when I try to collect,she makes all sorts of reasons. What is my remedy? I do not know if this is still consider as small claims... please advise