Do all co-owners have to sign off for a loan? | NC

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Q: Do all co-owners have to sign off if one owner wants to use the house as collateral for a loan? A: Usually yes — if the loan is meant to put a lien on the entire house, all co-owners generally need to sign. One co-owner usually cannot pledge the whole property alone. But that owner can often pledge that owner’s own undivided share, and that lien usually does not attach to the other owners’…