Ok, Need suggestion here!!
My landlord is asking for some money abt $20K loans. And he is willing to put his house as a collateral which have a value of abt $50K. And also willing to give me interest about 20% and also promised me to give my interest monthly on the loan amount . Which seems to be a great deal to me.
Now the problem is , I don't know where to start the procedure from so that if he cannot pay the amount on the time as he promised , I could go a head and hold on to his property legally.
If anyone have any idea on this situation or may be if someone can referred me to someone who know better on this situation, Please share or PM me .
I am willing to pay appropriate fees if needed!!