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Updated about 1 year ago,

User Stats

23
Posts
3
Votes
Kristian L.
3
Votes |
23
Posts

Collateral as a private lender

Kristian L.
Posted

Hi. Can anyone recommend a foreclosure attorney? 

- Some of the questions I have: 
As a PML, what is the difference if I get collateral in an investment property or a primary residence. 
I hear that it can be harder to foreclose in a primary. 

- If I have a second lien, how to handle possible subordinate liens?

- If I have a second lien, how to handle first position?

- If I lend 50K normally a Deed of Trust is recorded in the amount of 50K. Can I get 500K recorded, even if the note is 50K? To discourage anyone getting subordinate liens.

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