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-   -   Want to buy other half of land I owen (https://www.askmehelpdesk.com/showthread.php?t=341023)

  • Apr 13, 2009, 01:07 PM
    judybayne
    Want to buy other half of land I owen
    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.
  • Apr 13, 2009, 01:15 PM
    JudyKayTee

    I don't know what you mean by "stand good." What are you trying to do?
  • Apr 13, 2009, 01:20 PM
    judybayne
    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.
  • Apr 13, 2009, 01:22 PM
    JudyKayTee

    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)
  • Apr 14, 2009, 06:49 AM
    excon

    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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