combine 2 deeds and 2 titles into one

that could be quite a chore there, guest. you have a variety of property types, and lenders are not prone to granting a loan for property on which you have a farm and on which you also have a home.

combining the two parcels into one deed isn't all that much to do, but combining them and then finding a mortgage lender is not going to be a picnic for you, i think.

then, you might have a local bank that can work with you in this sort of situation - that's your best bet, i think.

Thank you George
The land has a Garage Workshop on it and a chicken coop it is fully fenced and with his own water,elec and septic tank.In the past there was a trailer house on it but that has been removed before we bought it.
That land is not classified as a farm and both pieces of property are financed by Bank of America and there is NO AG on any of them.
Just two residental properties.

i don't know what "ag" is, but suggest you try to work with an attorney to go about combining the two parcels onto one deed. i don't have any expertise in that aspect of the business, and only really can comment on how lenders might view what you have and what you propose.

I appreciate you George

AG means agriculture and that is not what we have .
We have two residential properties.(adjacent)
I do not a lawyer as I can go to the county clerk and see if they can make it a one lot as I have been told.
However I have also been told that it might be not that advicable to do as it could reduces the value of both properties.
What I do wish to acomplish is one mortgage over both properties.
This might be done with a so called blanket mortgage?
If this is a option were could I get one or whom does that ?

blanket mortgages are pretty much a thing of the past. consider how difficult it would be for a lender to sell such a mortgage - secondary markets are tough enough as they are now, let alone with two distinct properties serving as collateral.

thanks again george..so this pretty much means that i am stuck with 2 properties and to high of a mortgage rate and a piece of land nobody wants to refinance for me because there is no house on it.
in that case my only hope would be that in years to come my house maybe increases in vallue and gains enough equity to pay of the land.
very sad.

i wouldn't say you are completely out of luck. you might find a local lender who keeps loans in portfolio that might consider working with you.

maybe a credit union in your area, or a community-type bank...these are the sorts of lenders who'll have more flexibility. they don't all sell their loans to secondary markets, so they can and will work with folk such as you.

give it a shot.

I appreciate it George and will keep trying and follow that advice thank you so much although we live here in a very small community with not many local lenders but I quess I need to find them.

you're welcome, of course. it won't be easy to locate someone to do what you desire, but it might be interesting, at least. you may find out things you didn't know about your local banks and other financial institutions.

My mother died a short time ago and left me a piece of property. This poroperty is adjcent the property that I live on. I want to combine the two. There is no mortage on either property. How do I go about doing this and can I do it utilizing the once in a lifetime property gifting that would eliminate the capitol gains?

Hi karla!

Welcome to forums!

As far as combining the property is concerned, you should get in touch with the land department or the county office and take their opinion in this regard. As far as capital gains taxes are concerned, consulting a tax adviser will be the best option.

Feel free to ask if you've further queries.

Sussane

A few years ago I bought a piece of property adjacent to mine.There is nothing on this property although there used to be a house but,it was torn down. There is no mortgage on this vacant lot but I do have a mortgage on my home.Would it be feasible for me to combine these 2 lots or not? I have fenced these lots together.

Hi jacintorosetta,

As far as I know, you may face difficulty in combining the lots as there is a mortgage on one of them. You should get in touch with the land department or the county office and get to know whether or not you will be able to do the same.

Thanks