All Topics / Help Needed! / Option Agreements

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  • Profile photo of CoalfingerCoalfinger
    Participant
    @coalfinger
    Join Date: 2015
    Post Count: 5
    October 31, 2015 - 12:11 pm

    I am thinking of taking out an option agreement to be able to buy my nephews house in the future in case i get left carrying the can,because i am planning on co-signing on a mortgage with him.I see this as a safeguard for myself in case something goes wrong,anyone have any ideas?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 31, 2015 - 8:27 pm

    I wouldn’t think you would be able to go on a loan without being on title – are you sure this is possible?

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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