Legal Question in Credit and Debt Law in Pennsylvania
Loan to family member
What kind of a form do I need to have a lien put on the house of the person we want to loan money to?
Asked on 8/19/05, 5:59 pm
1 Answer from Attorneys
Mark Johns
Mark Johns, Esquire
Re: Loan to family member
You need to have a mortgage. The Borrower will sign it and it gets filed with the recorder of deeds office in the County the real estate is located. I suggest speaking with a lawyer about preparing this document. I offer free consultations.
Answered on 8/19/05, 6:36 pm