Question:

We are attorneys representing a seller who is
selling a multi family home to a Jewish couple
whose attorney has forwarded us a Heter Iska form.
Our client is holding a mortgage for the buyer
with interest. We are selling as an LLC. Is this
necessary for our client?

Answer:

Yes, a heter iska should be signed, as the mortgage poses an issue of Ribbis.

Tags: corporation Heter Iska LLC mortgage

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