Asset protection,Legal

[kris50]

Hi everyone.I have invested $2800k in new constraction house in 2006 with friend who build new hoses before.In 2007 the hosue was ready to sell for the price$1.990.000.We have had an agreement that I will have 30% profit from my $280k in two years.If payment of profit is not made in two years the $364000 shall bear interest at the rate 25% per annum commencing on the731 day of contribution to the company until paid.The house did not sale,and now construction loan must be paid off is to mounth late.House is on market for $1.399.000 and constructio loan is $1.350000.Looks like he will lose the house and I  will lose my money.Is there any way I can get my money back.Please respond if you guys have any idea.Thank you.

[BLL]

What does your attorney say? Your only recourse is through the legal system.

[redhawk]

Forget the legal system it only will cost more money with no way to get your money. The only way to get your money is to help sell that house. Start marketing on your own through the internet. try seller financing or rent to own.
Redhawk