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Personal Finance and Investing

bucolic_frolic

(48,319 posts)

4. Miss, Mr., or Mrs. real estate

Reply to padfun (Reply #2)

Wed Mar 30, 2022, 05:47 PM

Mar 2022

What can you tell me about borrowing against a house with condition issues. Does that simply reduce the amount you can borrow, or does it prevent borrowing in some cases?

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Assumption of a mortgage by an heir after a death? [View all] moriah Mar 2022 OP

Another lawyer isnt going to do you any good. padfun Mar 2022 #1

See, I'm confused... moriah Mar 2022 #5

Your sister is entitled to 1/2 the equity in the house forthemiddle Mar 2022 #11

She's said she's in no hurry to sell, particularly because I am living here. moriah Mar 2022 #13

Back in the early 90's.. I took real estate classes padfun Mar 2022 #2

Miss, Mr., or Mrs. real estate bucolic_frolic Mar 2022 #4

Any mortgage loan is dependent on the appraisal. padfun Mar 2022 #6

Thank you bucolic_frolic Mar 2022 #9

That varies state to state padfun Mar 2022 #15

Both are possible depending on what "condition issues" means FBaggins Mar 2022 #7

Don't know much about that bucolic_frolic Mar 2022 #3

I meant myself and the renter. moriah Mar 2022 #8

Really two issues FBaggins Mar 2022 #10

Thanks for confiirming. moriah Mar 2022 #17

I am not an attorney but it sounds like you *can* assume a mortgage... dixiechiken1 Mar 2022 #12

Thanks... very much. This was what I thought was the case. moriah Mar 2022 #14

Excellent analysis and info. elleng Mar 2022 #16