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Subject:  Re: Shared rental property Date:  9/16/2011  1:50 PM
Author:  StockGoddess Number:  113995 of 127753

I further assume that you mean two on the mortgage note and all three on the mortgage. Or are you stating the the new lender will be satisfied with a lien on an undivided 2/3rds interest in the property?

Yeah, that's my question, too. A lender has to be able to foreclose on a property if payments aren't made. They will have to require all three brothers sign...

This whole thing is just a big mess, though, I agree with the final poster who pointed out what happens if one brother passes and his heirs want their money out...
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