Asked by Tim, Chicago, IL • Wed Sep 10, 2008
chance that he could sell the place--we could place a lien and get paid ten years from now if he sells, but what if he goes into foreclosure (much more likely than selling)? Do we get anything back? Basically this guy is laughing at us, he knows we can't do anything short of an expensive legal procedure to initiate foreclosure, which we don't want to do anyway. Do we have any other options?
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