Real Estate Law
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Hello. My name is***** am an attorney. I will review your question. I may need to clarify facts first. I will answer & we can discuss issues.
I think your friend may be referring to bank loan requirements that acreage cannot be more than a certain percent of the value of the home: e.g., banks will not appraise acreage for more than 30% of the total value of the property. In other words, the acreage will not be worth more than 30% of the home. Alternately, possibly more than 10 acres would be above a 30% value of a home. Do you think that is what he means?