QUESTION

promissory note

Asked on Jan 09th, 2020 on Contracts - New York
More details to this question:
I am holding a promissory against a home the people live in one of the owners claims not to sign the promissory note ( no notary ) is the contract valued ?
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1 ANSWER

Business / Commercial Attorney serving New York, NY
Partner at Russo Law LLC
2 Awards
If the signor of the note is claiming it is a forgery, then whether it is valued comes down to if they will fight you on it.  Assuming they failed to pay the note, you'd need to start a lawsuit to get the note converted into a judgment.  If the alleged signer decides to participate in that lawsuit and claim forgery, then it would slow down the process but that doesnt mean you won't be able to convert it into a judgment.  Sometimes having a lawyer send a demand letter on your behalf threatenign litigation makes peopel act more reasonablyand fulfill their contractual obligations.  I'd be happy to do that for you (assuming the amount of the note makes the investment in sending the letter worthwhile). Feel free to contact me at your convenience. Best,Lou Russowww.russolaw-llc.com
Answered on Jan 13th, 2020 at 7:07 AM

Lou Russo RUSSO LAW LLC info@russolaw-llc.com 929-292-1101 www.russolaw-llc.com

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