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Anyone out there in the mortgage business?
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<blockquote data-quote="edge" data-source="post: 317819" data-attributes="member: 5030"><p>Are you going to mortgage the land with the house? If so, then what price have you put on it? Is it in YOUR name, your WIFE, or BOTH?</p><p></p><p>If it is in YOUR name, then she is buying it from you or you will have to be on the mortgage too unless you are leasing it?</p><p></p><p>If the property is leased then who decides a fair price?</p><p></p><p>Otherwise how does she get this property...gift?</p><p></p><p>edge.</p></blockquote><p></p>
[QUOTE="edge, post: 317819, member: 5030"] Are you going to mortgage the land with the house? If so, then what price have you put on it? Is it in YOUR name, your WIFE, or BOTH? If it is in YOUR name, then she is buying it from you or you will have to be on the mortgage too unless you are leasing it? If the property is leased then who decides a fair price? Otherwise how does she get this property...gift? edge. [/QUOTE]
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Anyone out there in the mortgage business?
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