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IS it true that by law you have to pay intereste even though the ones selling me the LOT are my father and stepmom?

They want me to sign papers with them with a lawyer and pay the lawyer 400 dlls plus 14 thousand to them with a 4% interest. What do you think of that is it fair or it isnt true that I have to pay them interest since i'm not getting any loans i'm just paying them direct cash from my pocket they want 260 per month. I'm new at this so please help.

Answer Question

Asked by Anonymous at 12:24 AM on Sep. 25, 2009 in Money & Work

Answers (3)
  • This is up to the seller.

    Answer by rkoloms at 6:18 AM on Sep. 25, 2009

  • where are you going to get a land loan with a 4% interest rate?

    Answer by jewjewbee at 8:13 AM on Sep. 25, 2009

  • No they want me to pay it to them in payments without getting any loan.

    Answer by Anonymous at 4:43 PM on Sep. 25, 2009

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