Legal Question in Civil Rights Law in California

Promissory Notes

A friend borrowed money and we signed a promissory note. He agreed to pay the full amount with interest by a due date. If the payment was not received in full, he put down his house as a security and stated I become a third lienholder in the event that amount of money is not paid. What legal action or rights do I have since he has not paid the amount due?


Asked on 5/09/07, 1:09 pm

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

Re: Promissory Notes

the right to sue on the contract, and try to enforce the lien in collection proceedings. If you want counsel to represent you in the lawsuit, feel free to contact me.

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Answered on 5/09/07, 1:49 pm


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