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Jun 27th, 2007, 05:08 PM
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#1 |
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Junior Member
Last Online:
Jun 27th, 2007 05:35 PM Join Date: Jun 2007
Posts: 1
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lien on home
a friend lent me $$. I have been paying her back interest monthly. I told her I would pay her the lump sum when my home was refinanced. I just recently lost my job and cannot refi my home. She is threatening to place a lien on my home. Does she have legal right to do so? and she on her own, is doubling the interest rate and claims if I don't pay it, a lien will be placed....
need advice... |
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Jun 27th, 2007, 06:38 PM
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#2 |
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Top Level Member
Last Online:
Dec 27th, 2008 08:09 PM Join Date: Feb 2007
Posts: 723
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Re: lien on home
If there were no other terms then she has to wait till you try to re-fi again. She would not likely win in court. But you have to reasonably try to re-fi at some point and must make good faith efforts to pay her. She cannot arbitrarily increase interest by the way without an agreement in advance.
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