Question

CAN A STEP FATHER MORTAGE A HOUSE WHEN THE HOUSE WAS LEFT TO THE CHILDREN ON THE DECEASED WIFES WILL.hE ONLY OWNS 50% OF THE ESTATE. —Preceding unsigned comment added by 71.31.254.174 (talk)

A mortgage is giving another party a security interest in something you own. If you own a co-tenancy in some realty, just as a co-tency in say common stock, you may mortage your co-tenancy. But only thhose cotenancies subject to freely tranferability. Therefore tenancies by the entireties cannot be mortgaged by just one holder but must be done by both tenants. —Preceding unsigned comment added by Bona Fides (talk • contribs)

This article should discuss Ademption by Extinction and Ademption by Satisfaction

Right now it only covers A. by Extinction. Here is a good article on the subject (lower half): http://www.answers.com/topic/ademption Piratejosh85 (talk) 02:10, 15 August 2011 (UTC)[reply]