Site: nolo.com
... If done right, tapping the "Bank of Family and Friends" can be financially lucrative for both the homebuyer ... As described below, you would get the cash you need, your family lender would earn interest at a rate ... For instance, your parents couldn't foreclose on your house just because you arrived late for their 50th ... How a Private Home Loan Helps the Borrower
By turning to parents, your favorite aunt or uncle, your in-laws ... These FAQs by Tim Burke, CEO of National Family Mortgage, will tell you more. ... Borrowing From Family and Friends to Buy a House ...