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Farm land in Life Estate

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M

MAIZIE

Guest
What is the name of your state? Iowa
My siblings and I share undivided interest in farm land that was inherited from our parents. One sibling actually farms the land and the remainder of us share in the expenses and income..each 1/6. My question is can the one who actually farms obtain a mortgage on this land without the consent of the others? Also, there is some land that is in a life estate, shared the same way, can this land be mortgaged in the same manner? I hope this is posted in the correct forum, if not please advise which forum to use. Thank you for any information.:confused:
 



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