How do I put a lien on my house?

Question

I owe $500,000 on my house. I have a contract to sell it in 19 months for $560,000. There is about to be a judgment placed against me due to a foreclosure on another property. I have been told that most likely they will place a lien on my house and collect when I sell. I would like to "borrow" around 60k from a family member and use my house as collateral so that they can put a lien on my house before the other company does. That way my family gets paid first. How is this done?

Answer 1

You could put a second mortgage on your property, but if they still place a judgment lien and it runs with the land, you will have to pay it off anyway when the house is sold. It's not first come first serve, if there is a lien on the property it must be satisfied before transferred to new owners.  

Answer 2

Draw up a mortgage and record it in the Recorder of Deeds office.