Real Estate Law
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Friend has just designated someone to act as his agent, but he is still the owner, so you want friend's name on the Note and any Mortgage and it should be recorded so as to act as a lien on the property that would be paid off from any proceeds before clear title can convey to the buyer.. That prevents friend from getting the money and then disappearing leaving you holding a Note that you can't collect on because you can't find friend..
The administrator would be handling the money and the sale on behalf of the owner, but he doesn't get to keep the money. So if you filed your lien on the property, you would have to be paid off by the closing attorney for the buyer so that clear title could be conveyed to them.
That is why you want to get a mortgage lien filed on the property so as to lock it up so it can't be transferred without paying you off.