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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Is house being purchased in bf’s
name only? If so, could you do a K where she agrees to pay rent, and he agrees
that she can live there and that he will pay her the $ if she ceases to pay
rent within the next X years. Fold taxes and insurance in there somewhere, in
case they cease to be paid through the mortgage. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Rebecca K. Wiess<o:p></o:p></span></font></p>
<p class=MsoNormal><st1:Street w:st="on"><st1:address w:st="on"><font size=2
color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'>421 24th Avenue East</span></font></st1:address></st1:Street><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><st1:place w:st="on"><st1:City w:st="on"><font size=2
color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'>Seattle</span></font></st1:City><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>, <st1:State
w:st="on">WA</st1:State> <st1:PostalCode w:st="on">98112</st1:PostalCode></span></font></st1:place><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Phone 206 329-6638<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>rwiess@foxinternet.net <o:p></o:p></span></font></p>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Kim Hammit<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, May 29, 2019
12:15 PM<br>
<b><span style='font-weight:bold'>To:</span></b> WSBARP@lists.wsbarppt.com<br>
<b><span style='font-weight:bold'>Subject:</span></b> [WSBARP] promissory note
or gift</span></font><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-family:"Times New Roman"'><o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Client
gave her boyfriend $20K for a down payment. She wrote it as a gift for
lending purposes. She wants (and he agrees) to be paid back should they
break up. I’m concerned about the risk of being viewed as a
fraudulent statement to the bank that it was a gift, well, it was but she wants
repayment if they breakup … Not really sure the best way to structure
this. She pays ½ the mortgage as “rent”. I would be
concerned that if they breakup and she presents a promissory note that he will
show the “gift” note used at purchase and then I’m not sure
what will happen at that point. Any thoughts, ideas, suggestions would be
much appreciated.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Kimberly
S. Hammit<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Associate
Attorney<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>GSJONES
LAW GROUP, P.S.<o:p></o:p></span></font></p>
<p class=MsoNormal><st1:Street w:st="on"><st1:address w:st="on"><font size=2
face=Calibri><span style='font-size:11.0pt'>1155 Bethel Avenue</span></font></st1:address></st1:Street><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Port
<st1:place w:st="on"><st1:City w:st="on">Orchard</st1:City>, <st1:State w:st="on">WA</st1:State>
<st1:PostalCode w:st="on">98366</st1:PostalCode></st1:place><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Tel:
(360) 876-9221<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Fax:
(360) 876-5097<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>GSJONES
LAW GROUP, P.S. - The information in this email message may be privileged,
confidential, or otherwise protected from disclosure. Any review,
dissemination or use of this transmission or its contents by persons other than
the addressee(s) is strictly prohibited and this transmission does not
constitute a waiver. If you have received this transmission in error,
please delete this email and respond to sender via <a
href="mailto:kim@gsjoneslaw.com">kim@gsjoneslaw.com</a> or call our office at
(360) 876-9221.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
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