Security on a loan Promissory Note

[Philip L.]

I am closing on a single family home cash purchase on the 16th of July, I borrowed the cash from my father in law and he asked to get a promissory note added at closing.

The title company (chosen by the seller) will not add the promissory note at closing, the seller will not change the title company.

I have spoken to a local title company asking if they can create a deed of trust after I have closed on the property and they told me no it's not possible.

Any suggestions of how this can be done I am in Michigan, my father in law is just wanting some kind of security for the loan.

[Drew Sygit]

The promissory note is almost useless without a corresponding mortgage to create a lien on the property.

There's also no reason the title company shouldn't record it if done properly. What they WILL NOT do is create the documents for you.

So, as recommended above, engage a real estate attorney.