Legal Question in Credit and Debt Law in California
Demand for Repayment of Loan
Our church loaned the Pastor & his wife $50,000 to purchase their house 10 years ago. They have now divorced and the wife has full ownership of the house. We would like to demand the $50000 bck to the church since they are no longer married.
Asked on 6/03/08, 1:31 pm
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
Re: Demand for Repayment of Loan
If the loan was done correctly, in writing with a note and a recorded deed of trust, then foreclose.
Otherwise, pray.
Answered on 6/03/08, 1:44 pm