If there is money on the table I'd want it and if it's really there, you can't just ignore it and expect the holder to give it to you for nothing, not usually.You could, and more astute buyers may, consider the borrower and the unsecured portion of the debt.

The secured debt can convert to an unsecured one after the sale.Zaretsky had one client who was so relieved to have arranged a short sale that he signed every paper his real estate agent shoved at him, even a confession that clearly stated he still owed the debt."

You could also just release the DOT, leaving the note in place, but at a time unsecured, since it's your LLC.

I'm looking for a local attorney in the LA area to go after someone that is late and not responding to repayment of an unsecured note.

He loaned the money to the third party first as an unsecured loan.

- Never send financial information through unsecured email.- Confirm all wire transfer details by voice immediately before sending.- Emails sent or received shall not create a binding contract in absence of a fully signed, written contract.One idea though - contact your business insurance agent to see of you may have fraud coverage.

I am wondering if we have the grounds to pursue any legal recourse if the PM company refuses to take accountability for the existing property damage (dead grass) and potential threat of an unsecured property.Your advice/opinion is greatly appreciated.

Since it appears the 3rd is basically unsecured, it's value is significantly reduced, but that's not to say worthless.The O&E Kent mentioned, isn't instantly obtained here, took a couple days, may not be where you are, BTW Kris,, you need to fill out your location in your profile, it allows us to have a better picture of potential issues with legal aspects of your deals.

@Jesse Simpson private lenders or unsecured debt will be your best options for that type of loan

If the answer there is no, the loan is unsecured.