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
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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 14 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
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