@Jerome MorelosIt will be similar to what you sign with a bank, there will be a note (which is the iou which states how much you can borrow and at what terms and length)Then there will be a deed in trust (assuming California) which is a recorded document that uses the property as security.

You're right in that it makes no logical sense so my best guess is that it's an emotional thing for them they have to work through.  

I actually converted the usable ones to propane and secured a board blocking the chimney in the ones that will never be chimney safe. 

@Arnella IrbyGet an attorney to sue and get a judgment against this personLesson learned any type of jv agreement if you are giving money you also secure it against the property

@Mila F. top of my least favorite tenant list, I suddenly need emotional support. 

@John Larson I wonder if it is worth calling the state or federal Securities and Exchange commissions. 

Central and walkable but also nice and secure! 

You could make up an assignment, not record it, and send it to the person to hold to secure the loan, but if they recorded it, you would be screwed.

I’ve heard that some platforms offer features like automated payment tracking and secure document storage.

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