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senzualsindhique
senzualsindhique asked in Business & FinanceRenting & Real Estate · 8 years ago

Can land with a mortgage attached to it be segregated and one side for a lease option and the other for rental?

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  • ?
    Lv 7
    8 years ago
    Favorite Answer

    In the vast majority of cases, no. The loan is secured by the property. If you subdivided the property, it is no longer what the loan was taken for.

  • realtor.sailor
    Lv 7
    8 years ago

    Only if the mortgage contains a release provision.

    realtor.sailor

    Source(s): I'm a Realtor
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