i am lending money to a friend holding his property as collateral, how can i file a lien on the property for the term of the loan
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
i am lending money to a friend holding his property as collateral, how can i file a lien on the property for the term of the loan
Asked on May 15, 2009 under Real Estate Law, Texas
Answers:
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 15 years ago | Contributor
If the property is land -- house, farm, whatever -- you need to have a written mortgage, properly drawn up and signed according to the law. If you have a substantial amount of money at stake here, it is well worth hiring a local real estate lawyer to do this for you.
One place you can find qualified attorneys is our website, http://attorneypages.com
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.