My question involves collection proceedings in the State of: Virginia.
The borrower on a note I'm holding is 10 1/2 months late! I have a 3rd on his house, but there is not enough equity to foreclose. Can I use a collection agency to go after him? And can they take, as their payment, the atty/collection fees provided for in the note? He has about $3,000,000.00 worth of property other than the collateral. I already have one county's tax assessment list for a large group of commercial parcels, that he owns, that is worth almost $1,000,000.00
I am desperate to get this $ repaid. He has constantly scammed me re: payment. I am in financial distress because of this.

