Question #2:

Your friend wants to borrow $25,000 from you. You, conveniently enough for purposes of this question, have the money and are willing to lend it to your friend. In order to secure payment of the loan, your friend has agreed to "put up his house". He signs the loan agreement and you record the agreement on the land records appropriately.Why did you record the loan on the land records (explain in detail) and does this guarantee you will collect on the loan if your friend defaults?Why does it (or does it not) guarantee payment?