Asked Aug 2, 2011, 04:54 PM
I have a home that was deeded to myself and my daughters as a life estate. It is to me for as long as I want it and then to my children thereafter. The party that deeded the property is now deceased. I need to purchase a vehicle and need to use this property as collateral for a loan. Can this be done? My credit isn't the best so I need to get a personal loan to do this. Can you tell me what steps I need to take to make this happen, if it is possible.