Home in an estate.

[Gary Stonebarger]

Would it be easier to get a loan on a house that you own, or to get financing to buy others shares. The house is part of an estate and I know insurance says replacement value is $85,000.00. My older brother is executor of the estate and he is ready to dump it. There are 5 siblings. I know 3 of them I could buy their share for $7,000.00 each. I would not have to worry about one brother he will work with me. I'm curious if it would be easier to get a loan if they signed their shares over to me, or should I just go to the bank? My credit is decent, but I do have a Mortage and two car payments. I think the Mortage company would give me a loan, but not sure. I don't want to dump this property. I would prefer the market rebound and rent it in the mean time. I know houses in this area easily rent for $500.00 a month.