Legal Question in Real Estate Law in Arizona

Promissary Note

My brother lives in Arizona. We have recently loaned him a large sum of money for his home. We have had a promissory note drawn for him to sign. In the event he predeceases me or sells his house I will want the money he borrowed returned to me. Will my Illinois promissary note be good in Arizona?


Asked on 7/30/01, 11:13 pm

1 Answer from Attorneys
Richard Nye Richard Q. Nye, Ltd.

Re: Promissary Note

You should have the note reviewed and may need a deed of trust or other security device to carry out your intentions.

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Answered on 7/31/01, 3:09 pm


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