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Don't loan it to him. This isn't, "I'm stuck in prison, can you bail me out?" He doesn't "need" this money, he just wants it. The urgency is really scary, as well. It is as if he wants to get it over with before you realize what a bad idea it is, OR he has gambling debts or something.
Don't loan it to him. If he were a stranger on the street and had his credentials, would you loan this money to this person? That's the criteria you use. Shared DNA doesn't matter in business decisions.
Don't loan it to him. Have we all not learned enough from the last 10 years as to what happens when money is knowingly loaned to people who can't pay it back? You are not FDIC insured, you will not receive a bailout. You are the steward of your children's futures and this wealth is yours and theirs. Gambling with it on a brother is morally irresponsible to your immediate family.
Don't loan it to him. Maybe things fall into place with him because others don't have the courage to say no to him. He's simply unworthy of such good fortune. You've worked hard and played by the "rules of life." He hasn't.
The only way I would do it is for him to make payments into an "escrow" account. When that account balance reaches your third, you will withdraw the money from the account and do a quit claim on the deed. It's basically a layaway plan. Don't relinquish your ownership until you are paid in full.
Don't loan it to him. (I think I said that enough...okay...one more time)
Don't loan it to him.
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Gives a man a halo, does mead.
"Here lies The_Jazz: Killed by an ambitious, sparkly, pink butterfly."
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