For lending to friends or family who prefer minimal involvement, provide a **Loan Agreement** with loan details and repayment terms, a **Promissory Note** as a formal repayment promise, a **Security Agreement** if collateral is involved, an **Investment Summary** covering project numbers, process, and security, and a **Disclosure Statement** explaining potential risks.

My bigger concern would be around your disclosures to your lenders… usually you have to disclose your financial situation to your lender and if you have this huge outstanding obligation it would seem like somewhere you would be obligated to disclose this to them.  

The POS report lists any violations that need to be corrected, either by the seller before the sale or by the buyer after assuming responsibility for the repairs.Seller's Disclosure ObligationsSellers are typically required by law to disclose any known issues with the property, including POS violations.

@Eric Chan, the only way I would see you being entitled to a loss of profit would be if the seller was obligated to disclose known title issues, knew about this issue, and chose not to disclosure it.

That gets included in the disclosure form for the house. 

If you discovered something he wasn't aware of and inform him of it, it becomes part of the disclosure process going forward now. 

TheSeattle Times editorial boardSeattle’sOffice of Housing last month released an unprecedented $14 millionto stabilize the balance sheets of affordable housing providers infinancial trouble.Turnedover to The Times editorial board after a public disclosure request,the 24 applications for emergency funding read like a collective cryfor help.Landlordsreport that some tenants are not paying rent, a trend that worsenedduring the pandemic.

Buyers must now enter into a contract with an agent before that agent can show them any propertiesInstead what this should read is: "Prior to showing properties, Buyers must sign either a Brokerage Disclosure to Buyer (BD-24) OR an exclusive right-to-buy listing contract."

Home equity loans may not be obtained on land that is taxed as “open space” or as agricultural land.The loan may not close until twelve (12) days after the borrower has applied for the loan and has received a formal notice of the borrower’s legal rights.Not less than one day before the closing, the borrower must be given a final itemized disclosure of the actual charges associated with the loan, including actual points, fees, costs and interest.

Borrowers will be provided an upfront disclosure detailing this information.Contractor(s) Acceptance: Ø does not “approve” contractors or refer contractors.