Sometimes the right move is a direct suit on the promissory note rather than, or in addition to, a foreclosure. When the collateral is worth less than the debt, when there is no real property securing the loan, or when the borrower has significant personal assets, going after the note or the guaranty directly can be the fastest path to recovery.
We evaluate the options and pursue the strategy most likely to produce real results.
Suing on the Note
The promissory note is a contract, the borrower’s written promise to repay. When the borrower defaults, we file suit in Texas court to obtain a judgment for the full amount owed, plus interest and attorney fees. Read more about suing on the note.
Enforcing a Personal Guaranty
A personal guaranty is one of the most powerful tools a creditor has, and one of the most commonly mishandled when it comes time to enforce it. Texas courts read guaranties strictly, and we review every document carefully before filing suit. Read more about personal guaranty enforcement.