Not sure if anyone can help me. I became the money partner in a property purchase in the U.S. The deal was that I would buy the property plus provide the funds for the rehab. The property was already pre-sold I was to receive 17% in 3 months time. I have a lien over the property and a promissory note from the this guy. Of course, when the 3 months was up, no money. I was told that the sale had fallen through but the property was rented and I would receive the rent until it was sold. Despite receiving a "deposit slip" I received nothing and then the emails stopped with no contact since.
So if there is anyone on here with a similar story or any americans, what would be the next step and how hard is it from Australia to foreclose if that is what is required?
