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I loaned money to a person so he could buy a house in

Customer Question
I loaned money to...

I loaned money to a person so he could buy a house in Shelton at***** This was a transaction dated 9/11

Lawyer's Assistant: Is this a fixed-rate or adjustable-rate mortgage?

I believe it's a fixed rate. I loaned him the money on 9/5/11

Lawyer's Assistant: Where is the property located?

252 S. 10 St. in Shelton. He has not made any payments since

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

The particulars are at Mason County Title.

Submitted: 1 year ago.Category: Real Estate Law
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Answered in 5 minutes by:
8/1/2017
Real Estate Lawyer: Law Educator, Esq., Lawyer replied 1 year ago
Law Educator, Esq.
Category: Real Estate Law
Satisfied Customers: 126,844
Experience: Licensed attorney practicing landlord-tenant, land use and other real estate law and litigation.
Verified
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
Did you put this loan agreement in writing?
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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