Cash loan between two people using home as collateral

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moelar2

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<div class="bbWrapper">Is there a process by which another person can put a lien on my home or use my home as collateral in exchange for a loan? <br /> <br /> A friend of mine is going to let me borrow $200,000.00 for an investment. As a security measure, I offered my home as collateral. Is there a formal procedure for this? I need the money ASAP, so something that is time efficient would be ideal.<br /> <br /> Thanks,<br /> <br /> Moises</div>
 
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