Do we need to involve our lender if we “sell” an easement to our property?
Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 06-10-2011-05-2008
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Question by LandonD: Do we need to involve our lender if we “sell” an easement to our property?
We’re considering selling a piece of our backyard (which is very large) to a neighbor as an “easement” that they can have access to for landscaping purposes only. If we do it – do we need to involve our lender? I didn’t see anything in our mortgage docs that speak to this… THANKS IN ADVANCE!
Best answer:
Answer by saved_by_grace
You are not able to sell an inch of the land until it belongs to you with no liens from a lender/mortgage company. Until you have paid in full…it belongs to someone else.
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