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Author: StockGoddess Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: Shared rental property Date: 9/16/2011 1:50 PM
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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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