Family on deed to home, brother borrowed money

Ask a Lawyer

Question

Country: United States of America
State: New YorkDear Sirs, My name, my brothers, my sisters, and my mothers name are all on the deed to my mothers house. About ten years ago we all signed a loan paper allowing my brother to borrow forty thousand dollars against the house. We recently discovered that he borrowed additional money against the house without my mother's permission. There is now a lien on the house for one hundred thousand dollars plus interest. My question is " what can we do to prevent my brother from taking all the equity out of the house leaving my mother penny less.

Answer

Contact the lender--he is not allowed to pledge the property w/o agreement of all owners; or if he does it will possibly not be valid.

单词	family on deed to home, brother borrowed money
释义	Family on deed to home, brother borrowed money Ask a Lawyer Question Country: United States of America State: New YorkDear Sirs, My name, my brothers, my sisters, and my mothers name are all on the deed to my mothers house. About ten years ago we all signed a loan paper allowing my brother to borrow forty thousand dollars against the house. We recently discovered that he borrowed additional money against the house without my mother's permission. There is now a lien on the house for one hundred thousand dollars plus interest. My question is " what can we do to prevent my brother from taking all the equity out of the house leaving my mother penny less. Answer Contact the lender--he is not allowed to pledge the property w/o agreement of all owners; or if he does it will possibly not be valid.
随便看	new mexico student incentive grant new mexico student loan guarantee corporation new mexico student loans new mexico substate area new mexico suicide prevention coalition new mexico supreme court new mexico survivors of homicide new mexico symphony orchestra new mexico taxation and revenue department new mexico taxidermy association new mexico tax research institute new mexico teacher assessments new mexico teachers of english new mexico tech new mexico technology and development grant new mexico technology assistance program new mexico technology showcase new mexico teen pregnancy coalition new mexico telehealth alliance new mexico touring society new mexico tourism department new mexico translators and interpreters association new mexico trial lawyers association new mexico tumor registry my neck of the woods