Security Interest--LLC
My half of business owned by my ex and me in Georgia was $500K, which our attorneys (in Florida) structured thus: he is to pay in monthly installments for 2 years, then no payments for 2 years, then a balloon after 4 years. He was also to give me a mortgage on the real estate which is owned by him and his partner in an LLC. What he sent was a mortgage that he alone executed--as an individual, which I've been told is worthless. I've been fighting for over a year, but he won't provide anything else. Is the personal mortgage he executed worthless, and what should he give me? He's in bad health, the business isn't going gangbusters like it did, and I'm afraid I'll end up with nothing. Thank you!
