Quote:
Originally Posted by Loony Singer
If, as an earlier post suggested, this kind of hassle can be avoided by putting together a simple document of a few paragraphs, it might benefit everyone on the street who might want to sell or refinance their property in the future.
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I think this is probably the route we will end up taking. It will document what has been going on for the last 30 or 40 years and I plan to make it as simplistic as possible.
For some of the other responders, I recognize and appreciate the "use a local bank" answer but that really doesn't work here since it's not really my choice. I can't mandate who a neighbor uses to refinance and if someone is looking to sell and they get a deal screwed up by a lack of an agreement it's just a giant annoyance.