I wouldn't touch this with another guy's ten foot pole. The obvious thing to do is to sell the house and collect whatever is left after the loan is repaid. I cannot understand the need or request for a sucker, er partner.
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
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