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Updated about 9 years ago,
Private Lending question
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