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    cardinal123's Avatar
    cardinal123 Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 29, 2011, 08:25 PM
    My sibs and I jointly own property in Ontario. Can either one of them...
    ... put a security lien on the property without my knowledge?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Dec 30, 2011, 08:47 AM
    Hello c:

    Do you mean can they obtain a mortgage or otherwise borrow against the property WITHOUT your approval??

    The answer is NO.

    IF that happened, your sibling is defrauding you. You can call the cops AND you can sue them. I don't know if I'd call the cops on my brother or sister... But, I'd sure as hell sue 'em.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Dec 30, 2011, 10:35 AM
    Define security lien? A sibling MIGHT be able to borrow against their share of the property without involving the other owners. More details will help us help you.

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