I’m trying to understand initial legal understanding before going to lawyer based on these facts?

If your loan is unsecured by the property it is a personal loan. If you have a deed of trust and promissory Note you should record the Deed of...

The short answer to your question is yes. The practice is known as dual tracking which was banned by a statute that sunsetted in 2020. Even prior...

I switched your category to employment law. I'm very curious to hear what the answer is.

You can seek to quiet title and after that lawsuit you record a lis pendens. All this is easier if you have an attorney.

Agree that if there is a lawsuit pending (there must be a lawsuit for a lis pendens as my colleague has noted) that you need an attorney.

I agree that you should have a real estate attorney represent you in this transaction. It is penny-wise pound-foolish to do otherwise.

Promissory Notes are not recorded. If you are referring to Deeds of trust or mortgages first recording has priority unless there is obvious fraud.

If there is a mortgage you need to review that contract before you change title. If the lender is motivated to do so, and able to do so, they may...

Can a landlord charge over 10% of rent for a late fee?

The answer to this question is in your lease agreement.

Should we file for bankruptcy or seek help from a real estate attorney,?

I would need to see the reverse mortgage contract before I could advise you.