Legal Question in Civil Litigation in New Jersey

Promissory Note

Hello, I need your help please. I have a gentleman who has signed a promissory note to pay me over 17,000.00 which is owed to me. The note states that the money is to be paid by 8/31/06. My question is this? Can I put a lien on one of his investment properties just in the event that he does not pay me the money by 8/31/06. If I can legally do this, can someone tell me the process . I look forward to hearing from you and If anyone can represent me legally in putting the lien against the property (IF I CAN DO THAT) Please let me know.....Thank you.


Asked on 4/08/06, 6:45 am

1 Answer from Attorneys
John Corbett Corbett Law Firm LLC

Re: Promissory Note

If he agrees, you can arrange to get a mortgage or a security interest over almost any property that he owns. If you already have a note from him, there is a technical problem with getting a mortgage now because it must be supported by additional consideration. That is not hard to overcome.

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Answered on 4/08/06, 9:28 am


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