Hi group, I hope this is appropriate. My parents are loaning my brother
and
his wife a substantial amount of money to pay their mortgage to avoid
foreclosure. They will not be charging him interest. And as soon as his
business goes into bankruptcy and he gets a job, they want repayment to
begin. I have been looking around the internet and did find something that
I've been tailoring for them; does this look like the right sort of form
or
can someone point me in another direction? Thank you in advance....
http://www.ilrg.com/forms/consloan.html
--
Check out the Promissory Note available at http://www.Network2020.com/go
then click on Legal, then on "Letters and Forms". The Promissory Note is in
the "Credits and Loans" section.
As always, it should be reviewed by a lawyer to make sure it covers all
bases in your state.
Hope that helps,
Dave
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