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Results tagged with private-lending
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user 2998
For questions related to private lending between individuals that (usually) does not pass through a third party, e.g. a bank or other financial institution.
9
votes
Accepted
What are the procedures or forms for a private loan with the sale of a vehicle?
The Nebraska DMV web site has a neat page about this. It seems to be fairly simple, and not costly to record a lien and later release it. Just go there with the title and the sales agreement that deta …
- 185k
29
votes
Accepted
What does it mean if a lender asks for a "title" from your purchase?
In the US, "title" is the document that shows ownership of the car. It is a nicely printed document you get from the DMV, that includes the information about the car and about you.
You "sign off the …
- 185k
2
votes
Accepted
Use of Self Directed IRA for Lending Second Mortgage
Technically these would be two unrelated loans from two unrelated entities. One from your person, and one from the IRA.
The loan from your person is trivial, but the loan from the IRA may cause troub …
- 185k