how can put a voluntary lien on my house . I want to borrow some money from a friend but he wants to place a lien on my house for the amount borrowed?
Asked on 1/24/11, 11:42 am
2 Answers from Attorneys
Anthony Roach
Law Office of Anthony A. Roach
Normally a party secures a loan of money by hypothecating real property, using either a mortgage or a deed of trust. The instrument most often used in California is the deed of trust. I would suggest that you get legal advice, before drafting and executing the instrument.
Answered on 1/28/11, 3:55 pm
Mr. Roach is correct in his long winded answer. You use a document called a deed of trust. Most title companies can help you with the documentation for a modest fee.
Answered on 2/07/11, 11:34 am
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