Borrowing from retires is a very touchy area, it usually won't matter what someone agrees to or how you think you may be covered in limiting your liability, if some elderly person sqauks at all, the judge is going to lean their direction, too many whizbangs out there ripping off retires and investors that don't have a clue as to what they are doing losing the money, it's as if they are a protected class.

The elderly (age over 65), the blind, the disabled, and a surviving spouse of an eligible Homestead Applicant may be eligible for a $50,000 deduction from the Assessor's market value appraisal of their legal residence.

Now why is this elderly lady known for not being nice?

Original owners died, unit inherited by daughter, daughter passed in January of 2013 and her elderly out of state husband put the condo on the market right away.

Since then I have ran into 6 to 7 cases of obvious misconduct but this one was the absolute worse, to take advantage of a sick elderly!

If she is the breadwinner, that could spell future problems for you.Hmm, are the elderly a protected class?

He only sees the hud with me making 20-70k. but often buyers are promised Garages ramps for elderly Gates new roofs etc word of mouth and contracts signed for these after closing to keep legalities in order, but he doesn't see that part but its what keeps my integrity with buyers and allows me to continue to have a steady flow of end buyers.

Keep in mind this seller is elderly and lives about 1.5 hours away.

There is one term you should also consider: FRAUD BY INDUCEMENT.I know someone being sued at this time not only for fraud, but victimizing an elderly person (over 60 in the State of FL)."

It had not been well maintained as she was elderly and could not keep up with the maintenance on this fairly large house.