2 legal questions have been posted about commercial real estate by real users in Maryland. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include real estate, easements, and commercial leasing. All topics and other states can be accessed in the dropdowns below.
Maryland Commercial Real Estate Questions & Legal Answers
Do you have any Maryland Commercial Real Estate questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 2 previously answered Maryland Commercial Real Estate questions.
Answered 9 years and 9 months ago by M Arnold Politzer (Unclaimed Profile) |
1 Answer
| Legal Topics: Commercial Real Estate
If your wife is a co-owner of property that you want to use as collagteral for a loan and she won't sign to equally pledge that collateral I thionk you are going to have an impossible time finding any lender who will lend on that property. Any lender wants to have some assurance that if you don't pay they have a chance of getting their money back by foreclosing the property. In Maryland there is a special status in owning property if you are husband and wife and the deed you have specifically says "tenants by the entireties" which are words of art which mean husband and wife. What that means under the law is that if one of those parties owes a debt but the other doesn't, you can't come against the house becuase the person without being on the debt is protected because she is a wife (or alternatively a husband) but, that only applies if the deed to the house specifically says that the man and woman (or couple I guess) own as tenants by the entirties.... Read More
If your wife is a co-owner of property that you want to use as collagteral for a loan and she won't sign to equally pledge that collateral I thionk... Read More