Grancey

I'm going nuts here. My brothers and I own some inherited property together. My oldest brother wants to purchase the property, and he wants my other brother and I to finance it for him. To understand how badly this stinks you have to know a little about my brother. His longest full time job lasted a couple of years. He had other part time jobs here and there and has not had a job at all in about 12 years or so. The house he is living in now was given to him, so he has never had to make a mortgage payment. He is married with 3 kids, and a stay at home "dad" while his wife works. He is the kind of person that everything always falls into place for, and I can never figure out how. Life just seems to swing his way. He doesn't have credit so he can't get a loan. To deny him the financing would cause issues that I don't want to deal with. He can be a bully and could make life unpleasant. But to agree to this financing would, I feel, be a huge mistake. There would be no recourse for me if he didn't make payments, and I would have to deal with his crap, again. He had an appraisal done on the property which came out about $100,000 less than we expected. So, that's another issue. I'm not asking for a solution, but has anyone dealt with something like this? Have you financed property for someone? How did it go? Should I trust this appraisal, or get one of my own? He called me Friday about this, and the conversation did not go well. He wants to move fast on this which also makes me nervous. Anyone have any words of wisdom?

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Quiet, mild-mannered souls might just turn out to be roaring lions of two-fisted cool.