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Updated almost 10 years ago on . Most recent reply

Richard C.'s profile image
Richard C.'s profile image
Richard C.
  • from Bedford, NH
  • Member since Jul 18, 2012
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Richard C.'s profile image
Richard C.'s profile image
Richard C.
  • from Bedford, NH
  • Member since Jul 18, 2012
Connect
Richard C.
  • Bedford, NH
1,614
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2,011
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Private Lending & Conventional Mortgage Advice

General Question about borrowing against property in a family real estate trust.

Richard C.
  • Bedford, NH
Posted

General info appreciated.  Situation is this:

Vacation property in a family trust.  Worth say $1 million.  Would like to "buy out" 2 of the 4 members of the trust, for $500,000.  Assuming the remaining 2 members had sufficient income and credit, could a mortgage be obtained for $500,000 to finance the buyout?

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