What forms is needed for a lien on property as security for money owed?
Full Question:
Need a lien doc to file when 2 parties mutually agree to place a lein on the property as security for money owed, not contractor work done.
05/04/2009 |
Category: Real Property ยป Liens |
State: ALL |
#16551
Answer:
A promissory note may contain a security agreement, so that the
debtor may take possession of the specified collateral if the borrower
defaults on the loan.