Ask a Lawyer and Get Answers to Your Legal Questions
Welcome to Just Answer! My name isXXXXX very much enjoy what I do and I hope that you will benefit from this information.
What was the purchase price or cost basis in the land when first bought by the in-laws?
What is the current fair market value?
What is the amount of the lien?
Was the loan on the land a recourse loan or non recourse loan or was the lien as a result of some other debt unrelated to the land?