S
sweetvabreeze
Guest
I made a personal loan to a friend (to purchase a piece of land). We had a written agreement (notorized) that he would repay the loan within 6 months and pay at least $250 per month, with any remaining balance due at the end of the 6 months. I have yet to receive any payment and the loan is due the 1st of August. I have requested payment several times and he keeps putting me off saying he will pay on it in a couple of weeks, which he never does. What recourse do I have and do I have to wait until the entire amount is past due? Also, if it is not paid in full, can I put a lien on the property? The property was assessed at $25,000 and he owes me $4700. (This is in the state of Virginia).