QUESTION

Can I get a loan on my Indian land?

Asked on Jan 14th, 2016 on Estate Planning - California
More details to this question:
I have 133 acres I inherited from my dad.
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4 ANSWERS

Commercial & Bankruptcy Law Attorney serving Powell, OH at Ronald K. Nims
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Do you have the right to sell the land? If yes, then you can pledge it as collateral.
Answered on Mar 28th, 2016 at 4:56 AM

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Commercial Attorney serving Chicago, IL at Ashcraft & Ashcraft, Ltd.
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First you have to take the necessary action to establish your ownership of the property inherited from your father. Your father's estate should transfer title to the property to you. Once title is transferred you should approach a bank to find out the type of loan you can qualify for using the land as collateral. You probably need the assistance of an attorney to complete the transfer of the land from your father's estate to you. You should also have an attorney assist you in understanding your obligations under the loan secured by the land and to make sure the documents are appropriate for your transaction.
Answered on Mar 23rd, 2016 at 9:20 PM

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Ask a bank. This is not a legal question, unless your father did not own the land but his tribe did, in which case you would not get a loan.
Answered on Mar 23rd, 2016 at 11:35 AM

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Acquisitions Attorney serving Lincoln, NE at Jayne L. Sebby
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Check with your local banking and lending institutions.
Answered on Mar 23rd, 2016 at 11:35 AM

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