Re: JerNTN

Posted by Why Chat (209.240.205.61) on May 20, 2004 at 21:13:55:

In Reply to: JerNTN posted by Protecting assets with an additional lien ??? on May 20, 2004 at 16:46:01:

If you are going to do this,
Have a lawyer prepare a mortgage lien dated to be effective for the date of the promissory note. Have the 3rd mortgage and the note recorded.

Depending on your State, your rental property may also have an exemption, and, if you are figuring your equity at market value, you are way off, look up the assessed valuation, you may not have any assailable equty in the propert at all.

Follow Ups:

Post a Followup