[Amail]

I've loaned some money to an acquaintance who is now in a position that he can't make the monthly payments. In lieu of payment, he has agreed to grant me a percentage of an investment property.

I want to protect my interests and get a notarized paper that guarantees my percentage, but don't want to record it unless I come to believe he's trying to screw me out of my money. I don't want to show a recorded encumbrance on the property because he's currently trying to sell it. Sort of an insurance policy.

I'm not really clear on the different types of deeds out there. What kind of deed, or other paper, do I need him to fill out and notarize?