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bluenoser1
Aug 21, 2010, 05:38 AM
I am loaning my sister $$$ for a piece of land adjacent to her's. How do I go about doing this? What should I do legally to cover myself?

excon
Aug 21, 2010, 05:44 AM
Hello b:

Hire a lawyer to draw up the note.

excon

ScottGem
Aug 21, 2010, 06:51 AM
While hiring a lawyer is often the best advice it may not be necessary here. You should be able to find a template for a promissory note online or buy one at a Staples, etc. The note will state the terms of the loan and property used to secure it.

Once you both sign the note, you register it with the county clerk as a lien against the property.