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Can you get a collateral loan or sale small lot directly to bank

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Icon Mini Profile tprioleau





Joined: 23 Aug 2010

Posts: 1

1.00 Dollars($)
Post Posted: Mon Aug 23, 2010 1:25 pm    Post subject: Can you get a collateral loan or sale small lot directly to
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I have a small lot that I purchased a few years ago. I really want to get ride of it and sale or at least get a small loan. Is there a size limit? Where would I post the sale?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
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Post Posted: Mon Aug 23, 2010 8:24 pm    Post subject:
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Hi tprioleau!

Welcome to forums!

If you want to take out a land loan, you should contact the local banks offering land loans and get pre-approved for it. Depending upon your financial situation and your credit scores, the lender will let you know whether or not you would be pre-approved for a mortgage.

If you want to sell off the property, then you can list the property in the market. You can even contact a real estate broker who can help you with the sale process.

Sussane
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