Posted on: 04th Apr, 2010 10:07 am
We're looking at a house that also has an additional lot located across the street. For an FHA loan, we know that these two would need to be purchased separately. To purchase just the house alone or if we would purchase the lot for $1.00, would the two properties need to be listed on two separate deeds? Thanks.
Welcome DAN,
As far as I can understand, you would require two separate deeds for the property. However, you should contact a real estate attorney and take his opinion in this regard.
As far as I can understand, you would require two separate deeds for the property. However, you should contact a real estate attorney and take his opinion in this regard.