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Posts Tagged ‘Binding Contract’

 

HELP! Can a private party put a lien against anothers home for a personal loan that was a VERBAL agreement?

Thursday, March 26th, 2009
Mystic R asked:


A friend of mine has had a falling out with another friend over money. Of course. The person loaned them money and the verbal agreement was that they would repay the personal loan when my friend sold his house. Now, the other party is stating that they are putting a lien against the home. Can someone do this? There was NO legally binding contract, nothing in writing and was only a verbal agreement that existed between the 2 parties. Can he really put a lien against thier home?

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