Legal Question in Real Estate Law in Texas
I made a Hard Money Loan secured by real estate to a developer. The developer defaulted and the project went belly up. Can interest and late fees accrue after default? There was no bankruptcy, but there was some fraud by a contractor that made the project fail. In my opinion, the developer was negligent in management and the project should have been completed.
Asked on 4/20/23, 1:18 pm
1 Answer from Attorneys
Richard Bryan
Richard Bryan Attorney PC
You’ll have to go see a lawyer face-to-face. The situation is more complicated than can be discussed in email format.
Good luck.
Answered on 4/21/23, 11:32 am