I loaned a friend some money, and she is not able to pay it back, and is currently ready to be foreclosed on, she suggested for me to put a lien on her property, to guarantee my getting paid, what do I need to do, or what forms do I need to accomplish this.

Bob Bumann

Fr_Chuck

well first havivng a lien on foreclosed property is not really any promise of getting paid,

This is how it works, once they foreclose they sell the property, It almost never ever sells for more than the first mortage, so if there is no extra funds over the orginal debt plus costs of foreclosure, no other liens get paid,

If here is more money than there is costs, the orgianl owner would just get that paid to them, so they could pay you.

so what you need to do is get them to start paying you 10 bucks a week till you are paid, unless the property is worth 100,000 and the first mortage is only about 50,000, but normally any other lien holders seldom ever see any money