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Legal Question

Asked on: 10/25/04, 3:22 am

Large cash loan to a family member.

A young family member needs a $ 20,000 personal loan.

What is the best legal approach to secure this loan? She

has a failing mortgage business and large credit debts.

I am her father who is 79 years old and living on a small social security check with enough money in the bank

to loan her the money.

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Re: Large cash loan to a family member. Your best bet, especially considering the fact that you are financing a "failing mortgage business," is to keep your money in the bank. Oth...

Answered By:

Thomas Moens

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