QUESTION
Can a sibling use inherited land that belongs to two other siblings as well, as collateral for a loan. The land has not been surveyed as to divide it
Asked on Jul 17th, 2020 on Wills and Probate - Texas
More details to this question:
I believe a sibling is using land that is not all her's as collateral for a loan
1 ANSWER
2 Awards
The lender should do a title search to find this. If the borrower has an undivided interest, that may or may not suffice for the lender.
Answered on Jul 18th, 2020 at 5:13 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.