Subdividing Question
I think I may need a real estate lawyer for this but I'm going to post the question here anyway to see if someone has any idea how to get out of the mess we're in...
My father has a half section of land he would like to bequeath to everyone in his will. However, my brother and mom are the only other names on the title currently and my brother also has a mortgage on it. My sister and I are uninterested in putting our names on the land due to the debt my brother already has against it.
My mother is hoping to talk some sense into my father as she would like my husband and I to build on the land so we're close to the family but we can't build if our names aren't on the title.
How hard would it be to subdivide into odd amounts? For example, we're thinking that if we subdivide the front 1/8 section off (approx 80 acres) into three lots, my brother's mortgage can go on his property and my sister and I would each have our own small piece and then the title for the rest of the land could be put into all of our names. Is this even feasible or totally impossible?
Thanks!
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