Private lending in land development

[Kamlesh Kukreja]

I did a investment lending to a company for land development project. They offered a 20 % interest premium and 5 % profit sharing (i know too good to be true and there is something wrong). I didn't realize it but they did pay for 2 years (40 % capital returned). They are now not paying interest and the capital. What are my options at this time- specifically Can i place a lien on the land without a court order? there are 2 liens already on the property - bank and a private lender.

What are other recourses

1. Work with them - have tried for the past 9 months. no move yet

2. Legal action- no attorney is willing to take this on? any suggestions would be appreciated.

Thanks