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Legal Shelter
Legal Shelter
You are exposed to this highway robbery only to the extent of your equitable
interest in property. Be sure you don't have any equitable interest. Put a lien on
vehicles that you own free and clear through the DMV. You can put a lien on any
other personal property using a form UCC-S1 through the Secretary of State's
office. Be careful who you pick to be the lien-holder. If they get in trouble,
their lien-holder's interest can be seized. What was a phony lien can now be
enforced as real. I would suggest using a Limited Partnership as a lien-holder.
When it comes to your real estate, that gets a bit more complicated to do it right,
and you may not be able to do it unless you own the home free and clear of lenders.
Don't use a phony lien for borrowed money. It will get tossed out upon analysis.
Basically, use an Option to Buy secured by a recorded Deed of Trust or Trust
Indenture in favor of a Limited Partnership. Never involve any alleged loan for
money. Never use any corporate entities or real persons as a lien-holder. Its
battlefield tested and bulletproof. I'll go into that if anyone needs the
specifics.