Legal Question in Real Estate Law in Pennsylvania
Mortgage note/lien
I own a mortgage note on someone's home.A attorney did the paper work and filed it in court.It is the only note/lien on the home.No payments or interest was ever set up.What can I do with this?
Asked on 4/08/08, 8:59 pm
1 Answer from Attorneys
John Davidson
Law Office of John A. Davidson
Re: Mortgage note/lien
You might want to contact the attorney who did the paperwork. A mortgage puts a lien on the property. There should also be a promissory note from the borrower that states the interest and payment schedule. It also makes the borrower personally liable for the debt.
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{John}
Answered on 4/09/08, 1:04 pm
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