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life use deed

wouldI be able to get a credit line on property with a life use deed?

Niicss's picture
Niicss | Joined: October 3, 2005 11:54 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

I did not understand what you wanted to mean by "life use deed". Are you speaking about the life estate clause mentioned in the property deed? Though you have life estate rights on the property, you will not be considered as the owner of the property. You will only have the rights to stay in the property until death. Thus, I don't think you would be able to get a loan on that property.

Like | Dislike | Share | Posted: Thu, 02/04/2010 - 01:02

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