Greener Quoted in the Long Island Business NewsApril 7, 2016 |
Jeff Greener was quoted in a recent LIBN article entitled, “House Money.” Lisa Morris Josefak’s article focuses on the current trend of parents shelling out large sums of money for their children to place a down payment on a house. Jeff warns against loaning money to family without a contract. “From a family perspective, it is important to have it in writing because people’s memories have a way of becoming foggy. From the IRS perspective, it is important because they will not consider it a valid loan unless it is documented and interest is paid, even though the interest may be nominal.”
Click Here to read the full article.