Private lending to LLC with First lien on default

[Raj G.]

I did a private lending , borrower bought house under the name of LLC, first lien recorded. value of house is at least to cover the loan(as of now). I have personal guarantee, Mortgage note, promissory note.

Now borrower(investor) neither paying monthly interest, nor responding to any phone call etc.

What should be my immediate action. or series of steps.

Definitely I will reach out to attorney. but in the mean time, I though asking here, if anyone has any advice.

Thanks

[Jay Hinrichs]

what state ?

if they Ghost you  U have no choice but to follow the foreclosure rules in the state the property is in.. and dont hesitate never gets better. I only work with folks if they communicate.

@chrisSeveney should have some good advice as well.

if this is NJ one thing I do know your in for a long slog and fairly costly