Legal Question in Real Estate Law in Louisiana
If land was donate 22 years ago . And the person that donated the land does a reverse mortgage and includes50 feet of donate land .can they do this
Asked on 5/25/15, 7:40 pm
1 Answer from Attorneys
Adam Lambert
The Law Office of Adam S. Lambert
No. If the land was donated in a valid Act of Donation, ownership changed to the donee and that original donor no longer owns it and can't mortgage it. The mortgage would not be valid.
Answered on 6/07/15, 5:11 am