Legal Question in Real Estate Law in Texas
If a piece of land is in a civil dispute, can one party (in the dispute) borrow money from the bank, using the the disputed land as collateral? The dispute is over who has rights to the land.
Asked on 2/03/10, 8:36 am
1 Answer from Attorneys
Ken Gober (Austin TX)
Lee, Gober & Reyna
The issue will be whether the bank will feel comfortable lending money secured by a piece of land subject to a dispute.
You should consult with an attorney for an in-depth analysis of your situation.
Good Luck!
Answered on 2/08/10, 1:25 pm