Q: Is it possible to place a lien or judgement on a property that I loaned money on to purchase and not paid in 8 months?
A: It is certainly possible to get a lien against the property you loaned money to purchase, but you have to have the correct paperwork completed at the time of the loan. Think of a car loan - there's a note, and security agreement, and the lien is noted on the title. There are different ways in which the lien should be perfected depending on the type of property involved. Talk to a lawyer in your area about what you want to do.
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