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    VetTechNic's Avatar
    VetTechNic Posts: 1, Reputation: 1
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    #1

    Oct 14, 2008, 11:29 AM
    Collecting on a Promissary Note
    I have a promisary note that I need to collect on, The Promissary note is a little over a year passed due, I have sent a letter to the promisee stating that it was pass due with no answer. It was a loan for a house, I have also filed the Promissary note with the City court house. The house is now up for sale, can I put a lien on the house? Or do I already have a lien on the house? I am in the state of Colorado. Any help would be greatly appriciated.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Oct 14, 2008, 11:52 AM

    When you received the promissory note, which I assume used the home as collateral, you should have filed a lien right then.

    It may not be too late. You should IMMEDIATELY go to your country clerk's office with a copy of the Note and file a lien against the property.

    You then file a foreclosure proceeding against the property. If you are not the primary lienholder, this may not fly, but you try anyway.
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