Updated almost 2 years ago on . Most recent reply

Do I need to put a lien on the property ( a piece of land)
I am allowing someone to borrow $10,000. And as collateral, they have put up a piece of land that they own. In case they don't pay, I will keep the piece of land. Do I need to put a lien on the property or is a detailed contract in place enough? I live in North Carolina, but the property is in South Carolina. should I hire an attorney for any part of this transaction?
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Hey Adam, I was able to get help. They created a note and mortgage. Not a deed of trust, could you share a little more about that?