Rick Gregorek founded Gregorek and Associates, PLLC as part of his vision to provide individuals, families, and closely held businesses with the legal services that they commonly require and to support those same clients with accounting and financial services.
Rick's team comprises attorneys, paralegals, CPAs, and administrative personnel who provide unparalleled service to the firm's clients.
"Our mission is to provide the highest level of legal and tax services available, using the most powerful and creative solutions in the most efficient and caring way possible, while establishing long and meaningful relationships with our clients." - Rick Gregorek
As a lender in your situation, you should have a promissory note with the contractor (borrower) and then secure it with a Deed of Trust which would allow you to foreclose nonjudicially in the event the borrower defaults. This would be your best option. A promissory note for itself can be difficult to enforce or recover. It would involve a breach of contract claim, and since it is not secured by the real property yu have an uphill battle. I'm located in KirklaSee More...See More...