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    learned's Avatar
    learned Posts: 3, Reputation: 1
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    #1

    Apr 20, 2009, 12:34 PM
    How to title
    My brother wants clear title on property that I have money in. Do I place a lien against the title so I get my money back when it is sold or may I place contingencies within the title contract?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Apr 20, 2009, 01:27 PM
    You need to explain your situation a little more. If you place a lien on it that means that you're basically going to be holding a mortgage. You'll get paid off when he sells it or refinances it. If you place contingencies within the contract then the contract becomes ineffective after you give him a deed.
    learned's Avatar
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    #3

    Apr 20, 2009, 03:07 PM
    Thanks Lisa. Sounds like I need to lean toward a lien.
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