I made a personal loan to purchase a house with a signed /promissory note
909 ALASKA AVE. LEHIGH ACRES FL.33971 THE LOAN IS STILL OUTSTANDING
AND PAST DUE,
4 replies
Apr 24, 2020
No, a mechanics lien cannot be filed for lending money on a house. It's possible for an owner and a lender to execute a loan agreement that uses the property as collateral, though - and that's actually extremely common. But, regardless of what's been agreed to, mechanics lien rights will only be available to those who have performed work that's permanently improved the project property.
For more information about other ways to secure your debt, it might be useful to reach out to one of these Florida construction attorneys. Considering that construction and real estate go hand in hand, they might be able to provide some insight for you.