Quote:
Originally Posted by neckdweller
I think this is probably the route we will end up taking. It will document what has been going on for the last 30 or 40 years and I plan to make it as simplistic as possible.
For some of the other responders, I recognize and appreciate the "use a local bank" answer but that really doesn't work here since it's not really my choice. I can't mandate who a neighbor uses to refinance and if someone is looking to sell and they get a deal screwed up by a lack of an agreement it's just a giant annoyance.
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Why, if your neighbor doesn't want to consider using another lender, is it your responsibility to draw up an agreement? Shouldn't he be the one doing the agreement?