Loan Addition Question

[Screen name]

Forgot to mention. My dad had/has a lot with back taxes. He bought in back in the 80's. Funny thing is everything developed AROUND it. When I was taking real estate classes my teacher looked it up and said that particular lot/area for some reason did not have a mud district to it? Anyway, is there a way to get a hold of the land finding what he owes. Perhaps it could be used as collateral? Or sold to help fund my project?

Thanks,
DN

[Screen name]

Originally Posted by middle-aged mom

When you buy a car/truck, the insured car/truck is collateral. In this case, you have no collateral. It's not your house.
-Gotcha

You may be your parent's age, if and when, you inherit whatever might be left within their estate.
-At this rate.... Maybe sooner


If they are like most folk, they will need every cent for their own retirement:
-Dad was bad with money. Mom didn't work. Therefore I am their retirement funder..
Medical expenses and extended care:
-Brother takes care of that portion.
None of us know what the future holds.
-Is exactly why i play the lotto.
And God forbid, they might have to take care of you, if you became injured or got sick.

- Secretly disguised as a broke version of super man.