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-   -   1/3 home owner family estate. Can I borrow with home as colatural? (https://www.askmehelpdesk.com/showthread.php?t=238980)

  • Jul 18, 2008, 02:11 PM
    debra637
    1/3 home owner family estate. Can I borrow with home as colatural?
    My brothers and I each own 1/3 of estate property that we want to sale in the near future. Is it possible I could get a loan based on my 1/3 of the estate? With consent of brothers, and how would they be effected?
  • Jul 18, 2008, 03:20 PM
    George_1950
    Welcome to AMHD. The estate property stands good for the debts of all owners. It is unlikely that you could get a mortgage using this property as collateral without the other owners signing onto it as well; that would serve as their consent. The brothers may have to sign a promissory note as well. Are your brothers married?

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