Legal Question in Real Estate Law in Illinois

Putting a lien on a step parents house

I have a mutual fund account that I drew around $15,000 from for house payments. My step father asked if it was alright if we took this money out and since I was too young my mom had to access my account since she was the custodian. This was a few years ago and at the time I was fairly young and still in high school. Now, I am not sure if I will ever be paid back. Is there anything I can do to recoup the money that I borrowed? I still have the check statements from my account that shows I pulled this amount out for the loan.


Asked on 7/12/09, 2:00 am

1 Answer from Attorneys

Re: Putting a lien on a step parents house

I would suggest talking to your step father and mother first about what arrangements can be made to pay you back. Perhaps you can have a second mortgage on the house to secure your loan. If they wont discuss this and make an arrangement, you should consult in person with a lawyer. Good luck.

Read more
Answered on 7/12/09, 12:49 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Illinois