World's Largest Mortgage Community

Use land as collateral for a loan

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
hodiassateague Joined: 02 Nov 2009 Posts: 1 1.30 Dollars($)	Posted: Mon Nov 02, 2009 1:58 pm    Post subject: Use land as collateral for a loan Apparently before the property dead was filed in my name there was a lien on it. They now are trying to execute the lien. I need to know if I can borrow against my property to satisfy this debt. I am a disabled american vet and receive a miltary pension to pay the loan back. I have a mobile home on it and I would like to include that debt to pay it all off is it possible?
Niicss Joined: 03 Oct 2005 Posts: 2620 Location: New Jersey 409.63 Dollars($)	Posted: Tue Nov 03, 2009 1:05 am    Post subject: If there is a lien on the property, then it would be difficult for you to get a mortgage. You will have to satisfy the lien first and then apply for a lien. _________________ Good is the Enemy of Great.

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0