Recording Second Mortgage
Okay, I'm going to expose to you all my "newbieness" in all it's glory. :-D
My uncle, who lives in California, loaned me $50,000 for a down payment on my first home which I purchased in Arizona. So far, it's just been a personal loan and we planned on recording it as a second on the home. Well, he's been pretty busy and hasn't had time to put together all of the paperwork so I want to pretty much do it for him since I'd really like to be able to write off the interest starting sometime soon.
My question: how do I go about recording the personal loan as a second mortgage? Do I have to do this in California (where he lives) or in Arizona (where I live)? Where do I go to do it? Pretend I know nothing about this...
Thanks everyone,
Scott
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