Legal Question in Real Estate Law in California
Promissory Note -Secured
Do I use a promissory note for the state in which I live or the state in which the real estate that is being used as security is located?
Asked on 8/08/07, 6:40 pm
1 Answer from Attorneys
Roy Hoffman
Law Offices of Roy A. Hoffman
Re: Promissory Note -Secured
You would want to use state-specific forms. However, a promissory note DOES NOT act to secure a claim against real property (at least in California); hence you will need both a promissory note and a deed of trust specific to California. Unless you know exactly what you are doing, I strongly suggest that you seek the advice and assistance of an attorney whose practice emphasizes real property. The small amount you will pay to have it done correctly will pay for itself many times over.
Answered on 8/08/07, 8:57 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
