I was a nice friend and three years ago I lent a friend $15,000 for 1 week until a loan she had applied for got processed. Well, it never got processed, and she still owes me the money with interest. She owns two houses (one that she and her husband live in and have no equity in) and another that has equity, is currently being rented, and she is trying to sell with no success in this difficult real estate market.

I have a pile of emails referring to the loan and the monthly interest she promised to pay. She has agreed to sign a promissory note. Instead, I would like her (and she has agreed to) file a deed of trust on the house (with equity) to ensure that we would receive our money if the house sells. I just can't sort out what kind of a deed this would be--specifically what form I need to have to her fill out and sign. She lives in the state of Oregon, and that is where the property is.

I greatly appreciate your help with this.

You file a lien ( loan) it is not a new deed, merely a lien,

For a 15,000 loan, I would pay a couple hundred dollars and have an attorney write one up, after it is signed, it is filed at the recorder of deed, to put a lien upon the current deed on file