I understand your comments, just curious as to the where a suit would be placed. Do contracts need to specify the governing laws? Is that how one decides or is it where the place of business or property resides?
Actually - back to the original question. Wouldn't the state where the property resides be the jurisdiction? I believe you said maybe above or does it need to be done somewhere else. I know you said the court can't order someone to pay, but just more curious as to where the complaint should...
Ok - A little bit of more information that may be of assistance - both parties lived in different states (X, Y) and purchased real estate in State Z. One borrower is defaulting on the loan. Wouldn't state Z be a common place for the lawsuit given that is where the property is located? So...