As long as you get your share of the money, does it matter how they get it? A mortgage on the property is one way of doing it. In your case you want to be sure that the value of the property is established by an appraiser and you should be paid one third of the price.
Yes a mother, father and a brother
There are four useful analysis that perform from a single family that are owners. The four analysis are credit reports, income, collateral and automated underwriting.
A note on property is just simply being owed money on a property in private financing. If a family member finances a home for you with their own money. You are making payments to that family member, they would hold the note and should be on the deed to the property.
A second mortgage is often needed at times when a family is running low on money. A second mortgage means a loan is taken on the home owner's house. This usually means that they will get a big loan and their home will be collateral.
The same way you would for a single family property, the only difference is the maximum LTV allowable. It depends on how many units the property is, 1-4 units is considered residential but 5 units and up is commercial and has different guidelines. Also a factor is if this will be an owner occupied property or is this a property you are buying as an investment. If you have any further questions on this subject or any mortgage related subject please feel free to contact me. Thank You, Edward David Sr. Loan Officer Stanley Capital Mortgage Co. 347-254-8311 EDavid@StanleyCapital.com
..."but we're just about the only family with any collateral at all."
If boyfriend and girlfriend both paid for property and are both the legal owners then the girlfriend would own the property. If not then the property will go to boyfriends next of kin (closest living blood relative).
Collateral Damage
How is brother and sister in a family a like?
Jacob stole his brother Esau's birthright and blessing. The birthright included a double portion of their father's inheritance, while the blessing was a verbal declaration of prosperity and leadership within the family.
'Family Affair' by Sly and the Family Stone. 'We are family' by Sister Sledge. 'Family Bible' by George Jones. 'We're a Happy Family' by the Ramones. 'Family Man' by Fleetwood Mac. 'Family Tradition' by Hank Williams Jr. 'Family Entertainment' by the Undertones. family reunion by o'jays Family - Amy Grant Family - Diana Ross Family - Dolly Parton Family - Eddie Murphy Family - Jamie Foxx Family - Jennifer Hudson Family - LeAnn Rimes Family - New Model Army Family - New World Orphans Family - Sesame Street Family - The Rolling Stones Family Affair - Mary J. Blige Family Affair - MxPx Family Bible - Johnny Cash Family Bible - Willie Nelson Family Business - Fish Family Business - Kanye West Family Guy Theme Song - Family Guy Family Man - Fleetwood Mac Family Name - Prince Family Next Door - blink-182 Family Picnic - Warrant Family Problems - Eminem Family Reunion - blink-182 Family Rules - Lil' Wayne Family Song - Bruce Springsteen Family System - Chevelle Family Tradition - Hank Williams Jr. Family Tradition - Senses Fail Family Tree - H2O Family Tree - Megadeth Family: Interlude - May J.
Big Brother Family - Bulgaria - happened in 2010.
Big Brother Family - Bulgaria - was created in 2010.
i love my brother who is the most likly in my family and he is eldest of the six childreen in my family
While grammatically correct, it is better to say the only family she has is her brother. I think even better: Her brother is the only family she has. It is redundant to refer to her as a member of her own family.
There is no executor until one is appointed by the probate court. You need to petition the court that appointed your oldest brother as executor and request he be removed and a successor appointed. Then, the estate should be settled and the property distributed as provided in the will.
Can a family member buy a short sale property from a family member