Quitclaim Deed? or Promissory note ? or both

[Jacopo Iasiello]

Thanks in Advance To ensure that my debt is paid by the person I lend the money to buy a house is super guaranteed which is the best and or both

Quitclaim Deed? or Promissory note ?

[Greg Scott]

A Quit Claim deed changes ownership. I'm not sure this is the right instrument in your case. A Promissory Note is just debt, and you could have one for any kind of debt.

I would think you would want a mortgage, with a lien placed against the asset.  Your best bet is to engage a closing attorney or title company.