Friday, October 11, 2013

Depression Hotline Montreal : A Loan On Half A House

Depression Hotline Montreal : A Loan On Half A House

Depression Hotline Montreal : A Loan On Half A House > What if your client only owns half the housend the other owner can't sign can you get them a loanancy was in just that bindhe inherited of her aunt's house - her brother inherited the other halfhe needed to borrow money right away for repairs to the house- the problem was that her brother was in the middle of a nasty divorce, and couldn't sign anythinghis is where a partial ownership loan, a loan secured by one part owner's interest only, comes into play. (Partial ownership loans are at the same time referred to as partial interest loans, or "partner loans.") With a partial ownership loan, the lender makes a loan to one of the owners, secured only by their interest in the residencehe other owners don't sign anything, and the only collateral the lender has is the signing borrower's partial interest in the propertyancy was able to borrow against her share of the property, without demanding the brother's signature or being impacted by his problems. (This c ... [Read More @ Depression Hotline Montreal]

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Depression Hotline Montreal : A Loan On Half A House

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