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Updated over 9 years ago on . Most recent reply

User Stats

19
Posts
4
Votes
Greg Kimura
  • Investor
  • Castaic, CA
4
Votes |
19
Posts

Private Lending question

Greg Kimura
  • Investor
  • Castaic, CA
Posted

After much thought and family discussion, we have decided to lend my sister money on her home.  I was in the banking industry for about 8 years and I know a bit about writing the loan contract.  The part I need help with is making sure I am second behind the her first mortgage.  I've heard that I need to file with the state/county, but I'm not sure what I need to do.  Has anyone here done this and if so, what is the process.

I appreciate your help.

Thank you.


Greg

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