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Updated about 1 year ago,
Collateral as a private lender
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.