Updated over 5 years ago on . Most recent reply
Options for securing private loan
What options are there for legally securing a private loan? Right now I've got a lien on one of my properties securing a private loan but I'd like to free up the title and secure it some other way, like with a bank account or other investment.
What options have other people used? The lender may be willing to hold the note unsecured but I'd like to have some suggestions. I told him the alternative is I'll just pay it off but we'd both rather keep the current arrangement.