Posted on: 06th Oct, 2008 05:56 pm
"my father is deceased and had only a will not a trust, his house is paid for and he left if to me with the provision that I pay my sisters (2) $125,000.00 each, how do i get a loan to pay them off when the title will be in all of our names?"
assuming that there is sufficient equity in the property, you can mortgage it by approaching a lender. the proceeds of the loan you obtain can be used to pay your sisters.
you could always sell the property, as well, to meet the financial obligation.
you could always sell the property, as well, to meet the financial obligation.