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The agreement we reached, since I'm not aching to get the money back right now anyway, is that I would get a certain percentage interest in the property. If it sells for an amount that my percentage would result in less than I am owed, then he'd pay me what he owes. If my share results in more than I am owed, then I get the percentage. So I don't really want to record a lien for a specific amount of money in the event that he sells for a higher price somewhere down the line.
I think this is more like a partnership than a lien. I don't want to do anything to complicate title that might disrupt his current financing.
Is it possible to enter a lien for a percentage interest?
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