What Forms Do I Need to File A Security Interest in a Promissory Note?
Full Question:
My wife and I borrowed $60,000 as a personal loan from my mother toward a down payment on our new home a year ago. The loan document gives her the right to secure the principal by lien against our residence. She has asked us to handle the lien process for her, but I'm unable to locate proper forms for filing a consensual lien. Appreciate guidance and/or link to the proper forms.
06/13/2011 |
Category: Real Property ยป Liens |
State: California |
#25015
Answer:
We are unsure whether you are asking about recording the lien that's in the loan note or whether she seeks to foreclose the lien of the property due to default on the loan. If you merely wish to record the lien that is described in the loan, most county recorders office will accept such documents for filing. You may contact the county recorder's office where the property is located to inquire about applicable filing fees.
