How do you setup a lien ?

[spinner]

Ok, so I am looking to put a lien as a security on my home.
To make a long storry short, I want to borrow 20.000 from my father in law and he asked us to have a lien on our home as a security.

I am in an agreement.
I know the lien have to be filed with the county recorder however I do not know what a lien form looks like and where to find one.

Is it simply a contract done as a "notice of lien" ??

[socrateaser]

>Ok, so I am looking to put a lien as a security on my home.
>To make a long storry short, I want to borrow 20.000 from my
>father in law and he asked us to have a lien on our home as a
>security.
>
>I am in an agreement.
>I know the lien have to be filed with the county recorder
>however I do not know what a lien form looks like and where to
>find one.
>
>Is it simply a contract done as a "notice of lien" ??

Different States have different rules re what types of real property encumbrances may be recorded with the county. I would call a local title company and ask them how much they charge to create a trust deed/mortgage and security instrument for 20K in favor of a private lender. The title co. can set it up, record it with the county, accept your payments, send them to your father in law, and keep track of the balance due, etc.

You may not want all of this paperwork, but for the small extra cost involved, your father in law may appreciate the attempt to keep it entirely a business arrangement.