Can the holder of a life estate mortgage his life estate?
A) Yes,with the only restrictions being those applicable to a mortgage of a fee simple interest.
B) Yes,but only if the holder of the remainder interest or reversion also simultaneously mortgages that interest.
C) Yes,so long as the mortgage term is limited to the length of the life estate.
D) No,because of the uncertainty over how long the interest will last.
E) No,because a life estate is not real property.
Correct Answer:
Verified
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