What's The Property Lien For A Debt?
I loaned my friend 10,000.00 and now he is having problems paying it back. He told me to place a Lien on his Property in Harris County, Texas and upon sale I will receive my money. We live in Richmond, California and the house is in a "Quick Sale" How do I do this from California?
Answers
You would have to get a Real Estate Lawyer in Harris county, Texas who will overlook all the proceedings. He will also guide you about all the mandatory things, the pros and the cons etc. If it is not workable according to you. You can ask the debtor to sell the property himself and then pay you the debt.
answered 6 months ago
You need to place a "judgement" against his property...you can find the forms on the internet. Make sure you get the proper form from the state where his property is located (complete the form) then send it to the courthouse in the county of his residence....act quickly 'cuz a quick sale is usually exactly that. Meaning the bank is willing to take a loss on the property instead of taking a total loss.
answered 6 months ago
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