Life Estate Home Equity Refinance Question
my parents deeded me 20 arces & house in Indiana. My mother has since passed but my dad has a life estate. My 93 yr old father is still lucid. However, the house is rundown & need of repairs. Even though the deed is in my name. the bank will not give a equity loan without Dads signature. He will not agree. I am also concerned if he has to go into a nursing home for years, the house will continue to fall apart. Is there anything i do to get needed monies now ? by brianna88745 from Lauderdale By The Sea, Florida. Mar 9th 2011
Patrick Bodine (pbodine)
#10 ranked lender in Minnesota - 25 contributions
Unfortunatly you would need to remove the life estate or get your father to sign off.
Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions
It appears that accessing funds from the property will not be available to you without your fathers co-operation...I would consult an attorney and see what options you have...regarding the estate and care of your father as he ages...look into a power of attorney...
Daniel Lotter (dnllotter)
#26 ranked lender in Colorado - 58 contributions
Give me a call - we can get you an unsecured line of credit for up to 100K - No assets or collaterol needed. Must have a 720+ credit. Call Daniel Lotter/Owner - Tri Star Funding, LLC - 877-489-8249 toll free
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