asked

My daughter borrowed $300K from me and used a house as collateral, but I didn't record the deed of trust initially. Now, she is facing foreclosure on multiple properties, and I want to know: 1) Can I be a junior lien on the first house used as collateral, even if I didn't record first? 2) Will my recorded deed of trust and promissory note cause problems for her to fix or cure her liens? 3) Is the promissory note for $300K still binding, and does she still have to pay me?

March 7th, 2023

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