Legal Question in Real Estate Law in Rhode Island
lien on property to secure a loan
According to your site, I can download forms to secure a loan with a lien on property in ri. Does it have to be notarized and will it hold up in court without going through a ri attorney. I live in FL.
1 Answer from Attorneys
Re: lien on property to secure a loan
LawGuru is independently owned. The attorney's who respond to questions do so voluntarily and without any compensation from LawGuru other than whatever advertising we receive from our posted responses. Your question really depends on Rhode Island law (which I am not qualified to answer); however, generally speaking, the lien is only as effective as the document which gives rise to the lien (in your case, most likely a mortgage). My advice to you is to spend the money on a good attorney, or at least meet with one who will give you a free consultation, otherwise you will probably regret it later.
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