We have 3 separate parcels of land. 10 acre plot with our house and barn. 20 acres that has a few acres for our livestock, and 10 acres that we rotate the livestock on. These are 3 separate deeds but we combined all the mortgages into one on the house. Will we have to put the 2 vacant pieces on FASFA 100% asset as the mortgages were all combined into one on the house? And are they assets even though we use them for our personal livestock?
Are these three separate parcels per the land records and your deeds…or have you merged them into one?
This is a farm? A Business?