Selling to kin or friend, you must have long arm

(Flickr photo by qwghlm)

Although engaging in any financial dealings with family or business friends can be fraught, it also can be fraud if the transfer of ownership of real estate is not conducted at arm’s length.

I came across a reminder about the danger of selling property to your brother-in-law or best business bud in a recent bankrate.com column by Steve McLinden, who cautions readers that. . .