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    judybayne's Avatar
    judybayne Posts: 2, Reputation: 1
    New Member
     
    #1

    Apr 13, 2009, 01:07 PM
    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.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Apr 13, 2009, 01:15 PM

    I don't know what you mean by "stand good." What are you trying to do?
    judybayne's Avatar
    judybayne Posts: 2, Reputation: 1
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    #3

    Apr 13, 2009, 01:20 PM
    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.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #4

    Apr 13, 2009, 01:22 PM

    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)
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #5

    Apr 14, 2009, 06:49 AM

    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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