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-   -   Loan to family member (https://www.askmehelpdesk.com/showthread.php?t=320421)

  • Feb 21, 2009, 10:44 PM
    Jersey Lady
    Loan to family member
    Two year ago I lent a famliy member a large sum of money with an oral agreement that I'll be paid in 3 months. (that person was going to refinance the house and need to prove the bank he has money in the bank) Two years has passed and I haven't seen one payment.
    Every time I ask to be paid the answer is "I don't have money to pay you back", or the person leaves the house when I enter the living room. Should I put a lien on that person house or sue? Because of that I'm losing everything I owen. Please help me. I hope you people can understand my question. I don't write or speack English well, but I did trie to do the best I can. Thanks
  • Feb 22, 2009, 02:42 PM
    twinkiedooter

    Depending on the amount loaned out you should sue the person in Court for the money.
  • Feb 22, 2009, 03:24 PM
    Fr_Chuck

    You have a lot of issues,
    First the fact you stated it was a "large sum of money"
    And the next there is nothing in writing. What type of paper trail do you have, is there a cancelled check, some receipt from a money order, how did you pay them.

    Next this is a unsecured debt, so you can sue them and try and get a jdugement, but collection can be a problem depending on where you live, Most places will not allow you a lien on their homestead and some will not allow garnishments ( but others do, some with restrictions)

    But you start by sueing them

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