Can I put a lien on his home until the loan is paid, in order to ensure that he pays it? 5 Answers as of November 26, 2013

I co-signed a loan for my brother so that he could get training for a truck driver job. He has refused to get a job.

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Stephens Gourley & Bywater | David A. Stephens
You can if he will consent to it.
Answer Applies to: Nevada
Replied: 11/26/2013
Stacy Joel Safion, Esq.
Stacy Joel Safion, Esq. | Stacy Joel Safion
Only if your brother agrees. This should have been done BEFORE you made the loan.
Answer Applies to: California
Replied: 11/21/2013
Law Office of Richard Winkler | Richard Winkler
Only if he agrees to sign the document encumbering his home.
Answer Applies to: Rhode Island
Replied: 11/21/2013
Luftman, Heck & Associates LLP
Luftman, Heck & Associates LLP | Matthew Alden
Yes if he agrees to it or you get a judgment from a court saying that he owes you money. Liens have priority. If there's already a mortgage on his house, for instance, your lien would be in 2nd priority after the mortgage company, meaning that if you have to sell the house to get paid, the mortgage company gets paid off first, and you get what's left over if anything.
Answer Applies to: Ohio
Replied: 11/21/2013
The Law Office of Darren Aronow, PC
The Law Office of Darren Aronow, PC | Darren Aronow
You can only put a lien if you sue him and get awarded a judgment.
Answer Applies to: New York
Replied: 11/21/2013
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