Bejaco replied to the topic 1 on mortgage 2 on title! in the forum Legal & Accounting 7 years ago
Thanks! Would transferring the property into a company or trust that we both control make any difference or would his serviceability still be impacted?
Or, could the property be transferred into a trust controlled by myself and someone who acts on his behalf? We want to do this so we can continue to hold the property then develop the site in a…[Read more]
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Bejaco started the topic 1 on mortgage 2 on title! in the forum Legal & Accounting 7 years ago
Hello!
I bought a house a few years ago with a good friend. It is a good site as it has future development potential and has significantly increased in value.
My friend now wants to buy another property but can’t service the loan because of the joint debt we have on the jointly owned property.
As we both still want to develop the site in the f…[Read more]
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Bejaco started the topic 1 on mortgage 2 on title! in the forum Legal & Accounting 7 years ago
Hello!
I bought a house a few years ago with a good friend. It is a good site as it has future development potential and has significantly increased in value.
My friend now wants to buy another property but can’t service the loan because of the joint debt we have on the jointly owned property.
As we both still want to develop the site it the f…[Read more]
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Bejaco became a registered member 7 years ago
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