Legal Question in Credit and Debt Law in California

I have an unpaid promissory note for $37,000.00 that the debtor will not pay me back.

I heard that I can file an assignment of interest, so she can't sell, refinance or cash out on a property she owns in LA. I heard that I can file the assignment of interest myself with the county recorder's office in LA as the property is located in LA. The property she is holding has about $50k equity.

Any advice will be greatly appreciated. Thanks.


Asked on 10/25/09, 11:04 am

2 Answers from Attorneys
Roy Hoffman Law Offices of Roy A. Hoffman

The only two ways one can place a lien on real property is by: (i) having the debtor either sign a deed of trust pledging the property as security or some other security instrument; or (ii) by filing a lawsuit, obtaining a judgment against the debtor, then recording an abstract of judgment in the county in which the real property is located.

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Answered on 10/30/09, 1:15 pm
OCEAN BEACH ASSOCIATES OCEAN BEACH ASSOCIATES

Sue and settle or obtain a judgment. Contact me directly.

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Answered on 11/03/09, 2:08 pm


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