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Updated about 7 years ago on . Most recent reply
Private Money Contract
Can anyone tell me a quick cheap place to sign a private money agreement with someone. My friend has 100k he wants to lend me but wants something in writing first, interest and balloon payment etc.
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@Account Closed
For both parties sake, it would make more sense to secure it against one of the existing pieces of real estate. Then you'd file a mortgage for the property with the courthouse, and then a note between parties specifying the terms.