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About Larry Galey
Expertise
I can answer most any question pertaining to the sale or purchase of Real Estate with a specific expertise in the States of Maryland, Virginia and West Virgina. I'm a licensed and active Real Estate Broker in all three of these states.
Experience
I have been a licensed real estate Broker for 30 years and have specific experience in the areas of new home sales, land sales, general brokerage and real estate investing. Any question pertaining to the purchase or sale of residential and commercial real estate is accepted and generally answered in a thorough fashion.
Organizations
National Association of Realtors, Maryland Association of Realtors, Greater Capital Area Board of Realtors, Metropolitan Regional Information Systems
Publications
Realtor Magazine, National Homebuilders Newsletter
Education/Credentials
Bachelors of Science in Marketing from the University of Maryland. Over 1000 hours of Continuing Education Seminars in all areas of real estate related topics.
Awards and Honors
GCAAR Million Dollar Sales Club, Major Achievement in Marketing Excellance Award, Finest in Family Livivng Award.
Past/Present Clients
General Motors Cadillac Division, IBM, Grayson Homes, Portrait Homes, Porten Homes, Bozutto Homes.
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You are here: Experts > Cities/Towns > Maryland > Real Estate: Maryland > Lien on Real Estate
Expert: Larry Galey - 10/27/2009
Question
Hi larry
I am looking to invest some money in real estate with a friend. This is a cash only transaction and my wife and I are planning to lend part of the purchase price to the partnership and contribute a portion as investment from myself as an investor. Questions I have are
1) How can we record and perfect a lien against this investment property for the amount of the loan we are providing
2) Would it be advisable from a legal standpoint to make my wife be the lender on her own as I am one of the investors as well? Strictly looking at it from enforceability of the above lien against any other unforeseen liabilities/claims against the property.
Your response will be highly appreciated
Answer
You need to discuss this transaction with a good title attorney. Its somewhat complex and must be titled and recorded properly as to lien holders and ownership tenancy rights. I suggest you contact Jill Michaels,ESQ at 240 425 0011. or jill@jillmichaelslaw.com. Good luck.
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