Legal Question in Credit and Debt Law in California

is a promissorry note with a paragraph that states that the loan is secured by a real property identified with an address can be considerred a secured promissory nothe?


Asked on 3/02/10, 10:04 am

1 Answer from Attorneys
Carl Starrett Law Offices of Carl H. Starrett II

There would need to be a separate security called a Deed of Trust that was signed by the borrower, notarized and recorded against the property in order to have an enforceable security interest.

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Answered on 3/07/10, 10:57 am


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