I own half of a piece of property I want to know if my half of the property will stand good to buy the other half.
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I own half of a piece of property I want to know if my half of the property will stand good to buy the other half.
I don't know what you mean by "stand good." What are you trying to do?
I have a piece of property that my dad left to me and my brother so we each own half of the property I want to buy his half but I want to see if I go to a bank if my half will be collateral for his half.
Okay, got it - it will depend on the bank and these are certainly difficult financial times but I don't know why not. If the property is 50% yours, no mortgage, I would think you would be a great candidate for a loan - 50% down? They should jump on you!
(So to speak)
Hello Judy:
In the US, most banks won't lend on UN-improved property. Why don't you borrow the money from your brother and make payments to HIM?
excon
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