What is the best way to take possession of real property used as collateral in a defaulted loan?

1---what is address of property?

2---fax me a copy of the deeds you have 714-316-1344

3---do you have a promissory note?

Answer----you can foreclose non judicially---simple or

                judicially---not so simple.

Gregory L. Bosse, Esq.      714-550-9555

This is a rather complicated situation.   You should seek legal assistance from a real estate attorney.   This needs to be done right so you do not lose your rights.

Call my office for a consultation.

Robert Spitz

909 395 0909

If it was a loan, the mistake you are making is that saying there is no consideration. Money loaned is the consideration. Attorney Bosse covered rest of it good. You will have to chose what you want to do to recover the money- either judicial or non judicial sale. You need to meet with an attorney in person to discuss and review the options. There is no way to give an answer in such a forum. The discussion in person can be lenghty.