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Updated over 6 years ago,

User Stats

5
Posts
1
Votes
Dennis Haldeman
  • Lender
  • Akron, PA
1
Votes |
5
Posts

Private Money Lending

Dennis Haldeman
  • Lender
  • Akron, PA
Posted

Here's a question for the PML's out there... I am currently preparing to loan money to one of two partners in a real estate transaction. (The other partner is bringing their own cash to the closing table.) Do I need to prepare my loans docs (installment note and mortgage) any different in this situation than if it was a single purchaser rather than two? I am presuming that the deed will be issued to the parties as "tenants in common".  I am located in Pa.

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