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Old 07-03-2015, 04:52 PM
 
Location: Melbourne FL
5 posts, read 9,149 times
Reputation: 15

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He said it is technically not against the law but that it was HIGHLY unlikely a standard bank or any lending institution would ever grant him a loan or line of credit based on the equity held in a jointly owned property w/o the express written consent of both owners.

After doing a quick research from his office he found no lines of credit or even an inquiry from any of the local banks in the area.

So it looks like the co-owner of the property was simply hyping up our grievance in order to make conversation.
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Old 07-03-2015, 05:29 PM
 
6,368 posts, read 7,392,505 times
Reputation: 10834
Thanks for reporting back. Maybe now you can ask him if he is open to selling you his interest in the property.
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