Need QUICK advice on creating a mortgage (1 Viewer)

[Scooter]

I want to create a mortgage for someone who loaned me money, so as to protect their interest should something happen to me. I am looking for online forms to fill out and instructions on filing. Did my google search and found nothing to help me along.

ANY guidance here is GREATLY appreciated!

 

[Tim Abbott]

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.

 

[Philip Hamm]

What Tim Said.