Posted on: 11th Aug, 2009 10:41 am
my sister is executor of my mothers estate but my stepfather was given right to live in our mothers house to death .. he want to give up that right.. but my sister wants to live in house i want to be bought out and so does our brother can my sister take a home equity loan to buy us out if we all sign a quit claim deed.
Terre,
If the house is completly paid off then once you all sing the quite claim deed and record it in country, she shoudl be able to get a equity loan
Good luck and feel free to ask
If the house is completly paid off then once you all sing the quite claim deed and record it in country, she shoudl be able to get a equity loan
Good luck and feel free to ask
Hi Terre!
Welcome to forums!
If your sister is one of the owners of the property with a good credit score and stable income, she can apply for a home equity loan. However, there should be equity in the property if she is planning to get a home equity loan.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If your sister is one of the owners of the property with a good credit score and stable income, she can apply for a home equity loan. However, there should be equity in the property if she is planning to get a home equity loan.
Feel free to ask if you've further queries.
Sussane