Attaching a lien

Sunday123 · #1 Jun 15, 2008, 08:02 AM

I sold a business to a guy a while back, and he or I was supposed to put a lien on his house until the money for the business was all paid. It was never done. Now things have gone sour, so my question is:
Can I attach his house now?
What is the proper procedure?
Can I go to the city hall and do it myself?
Standing by...

George_1950 · Jun 15, 2008, 08:06 AM

Welcome to AMHD. Just curious: was an attorney involved in the sale? Did the purchaser sign a promissory note? When did this transaction take place?

Sunday123 · Jun 15, 2008, 08:15 AM

Quote:

Originally Posted by Sunday123

I sold a business to a guy a while back, and he or I was supposed to put a lien on his house until the money for the business was all paid. It was never done. Now things have gone sour, so my question is:
Can I attach his house now?
What is the proper procedure?
Can I go to the city hall and do it myself?
Standing by...

The sale took place Sept. 2000, New Hampshire, he/she signed a contract to purchase paper, No atty

excon · Jun 16, 2008, 06:42 AM

Hello S:

If the agreement says that he agreed to a lien, then I suppose you could do it now. If it doesn't, then you'll have to sue him and hope for the best.

excon

George_1950 · Jun 16, 2008, 10:21 AM

The purchaser signed a contract, but we have not way of knowing the terms of sale; it the deal has gone sour, as excon has said, "...sue him and hope for the best." If you are successful, have the judgement recorded, which will constitute a lien against all his property. You will do well to get an attorney if you are out a lot of money.