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    BETHSHIP66666's Avatar
    BETHSHIP66666 Posts: 1, Reputation: 1
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    #1

    Sep 10, 2008, 12:26 PM
    I am lendng a person $120,000. She has undeveloped property in Bethany Beach DE worth approximately $325,000. What is the best way to secure a lien on her property?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Sep 10, 2008, 12:28 PM
    The best method is to have them sign a promissory note and mortgage. The mortgage gets filed in the county clerk or county register's office. I suggest that you have them prepared by an attorney to make sure that your interest is protected and it is done properly.

    (Please don't piggyback your post onto others. I created a new thread for you.)
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