• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Farm land in Life Estate

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.



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:

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential