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Updated over 2 years ago on . Most recent reply

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Corey Valin
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Corey Valin
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Private Lending & Conventional Mortgage Advice

EMD loan protection paperwork

Corey Valin
Posted

Hello wonderful community!

I have an acquaintance that is in need of EMD money and I want to ensure that my loan to them for this is protected in case they back out or something falls through. Can anyone help me with any specific contractual paperwork that I can use or point me to a resource that may be able to provide this to ensure that this loan is protected and I get it back in the event that the deal falls through?

Thanks!

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Chris Seveney
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Corey Valin

I will state something that might not be well taken from people but my recommendation is

Never lend anyone money for EMD.

  • Chris Seveney
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