Legal Question in Real Estate Law in Ohio

do i need to file a real estate lien to ensure repayment of a promissory note

Asked on 2/25/13, 10:18 pm

1 Answer from Attorneys

John Sauter Cloppert, Latanick, Sauter & Washburn

Before you file a lien against a debtor's real estate, (a) the debtor must default on the loan and you(b) must then obtain a judgment against the debtor. Once you have a judgment, you can place a lien on the debtor's property.

From your question, however, it appears that you want to use a lien to ensure repayment of the note, as opposed to a tool used to obtain proceeds from the note after default.

More information on liens is available here: http://www.nolo.com/legal-encyclopedia/judgment-liens-ohio-46851.html

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Answered on 2/26/13, 7:34 am


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