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Updated about 8 years ago on . Most recent reply

User Stats

24
Posts
2
Votes
Peter S.
  • Real Estate Agent
  • Forest Hill, MD
2
Votes |
24
Posts

Tenants in Common and a Home Equity Line of Credit

Peter S.
  • Real Estate Agent
  • Forest Hill, MD
Posted

I recently inherited a property as a "Tenant in Common". I am one of 5 co-owners. I would like to leverage my share to use as capital for my real estate investment company. The other co-owner's are unwilling to be guarantor's on any Home Equity Loan or Line of Credit that I try and take out. Is it possible for me to take out a Home Equity Loan or Line of Credit on just my portion without having the other co-owner's as guarantors? 

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