You're right. I haven't suffered any loss yet. It is just an attempt for now.
The thing he did was not ethical. We had a sales agreement and I had his word. I made renovations worth of 30k while waiting for the closing.
If I didn`t make any expense, I wouldn`t sign that paper. He took...
This website is amazing. I didn`t think I would get this much response this quick. Thank you very much.
I didn`t give him a good promissory note, plus he does not have any supporting documents. Also I know that he didn`t sell that note to a third party and I don`t think any third party would...
I talked to a local lawyer today. He said his argument would be `there is no consideration` in the letter. He didn`t tell me if that paper would be valid without consideration or not.
I am still confused, but I am happy to that at least I stand a chance.
Does anyone have knowledge about the...
I am not sure if its a valid promissory note. I says I will pay 2k for the next 5 months. There is a date on it and my signature.
The paper is not notarized
There is no witness signatures.
There is no loan transaction between him and I.
No indication of an interest rate.
What is the name of your state? Georgia
My old boss bought a condo for me from an auction for 105k. He had the cash to buy it, and he wanted to do a favor for me. I was supposed to buy it back from him right after. It took 3 months for the bank to send him the deed of the property and it took...