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Updated almost 11 years ago on . Most recent reply

Matt Adamson's profile image
Matt Adamson's profile image
Matt Adamson
  • Contractor
  • from Lynnwood, Washington
  • Member since Apr 20, 2014
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11
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5
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Matt Adamson's profile image
Matt Adamson's profile image
Matt Adamson
  • Contractor
  • from Lynnwood, Washington
  • Member since Apr 20, 2014
Connect
Matt Adamson
  • Contractor
  • Lynnwood, WA
5
Votes |
11
Posts
Private Lending & Conventional Mortgage Advice

I have a foreclosure my friend wants me to buy a house with him?

Matt Adamson
  • Contractor
  • Lynnwood, WA
Posted

I have a foreclosure my friend wants me to buy a house with him, I really trust him but how would I legally protect myself so I'm a 50% owner of the property since it would be financed in his name?

I was thinking of forming a LLC with both of us on it and paying the mortgage through it as well as a some sort of contract.

Any thoughts?

I'm in Washington state 

Thanks

Matt

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