Reply to Offered friend loan of $80k

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[quote=Anonymous][quote=Anonymous]You won't get a primary lien on the house unless she has no mortgage.  i assume she has a mortgage with a lender, that bank is first, unless she doesn't pay her taxes then the state or federal government goes first.  Or she forgets to pay a contractor and has a mechanics lien on the place.  So you are secondary mortgagee at best.  And if her parter is also on the mortgage, that partner must sign too, and I thought she doesn't want her SO to find out.  UCC 101, her offer for a lien isn't worth much at all.

And like everyone else has said, if she has accumulated this much debt, she probably has no problem failing to pay you back.  Don't ever make a personal loan you aren't willing to just give away as a gift.  80k could be a college education, a few nice cars, a down payment on a house,  don't do it. [/quote]

Did you read this op?

I am plus one thousand to her filing bankruptcy. You keep your money, husband and friendship. If you give her the money you are not helping her. You know that right? You were at rock bottom eating off if food stamps and learned how to get out. Your friend will not learn with your loan. [/quote]

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