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Old 05-02-2005, 09:55 AM   #2 of 3
Tim Abbott
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Join Date: May 1999
Local Time: 08:55 PM
Local Date: 12-04-2008
Posts: 618

Best bet is to call a conveyance (real estate) attorney and spend a couple hundred bucks having him draw up a note and mortgage. Typically the note is the actual loan, and the mortgage is the instrument that ties the note to the property. The attorney should also be able to give you some advice to make sure everything is recorded properly.

For something like this, the best bet is to make sure it's done right.

Hope this helps.
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