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tear down and build new

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stephen Guest	Posted: Sun Sep 20, 2009 5:08 pm    Post subject: tear down and build new Like 0 Dislike 0 In Texas, if I have an A 6 mortgage, and want to tear down, and build new on the lot, with a construction interim loan and then a permanent mortgage that includes the original A 6 amount and the construction money, what is the process? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Sun Sep 20, 2009 6:11 pm    Post subject: Like 0 Dislike 0 Have you called yoru current lender?
gunzijjistaff Joined: 07 Apr 2009 Posts: 713 4.63 Dollars($)	Posted: Sun Sep 20, 2009 9:26 pm    Post subject: Like 0 Dislike 0 Yes, You have to contact your lender if you has not pay off him. Inform to your lender before doing anything with property. Thanks & Regards, gunz.ijjistaff
E. Rodriguez Guest	Posted: Thu Sep 23, 2010 10:45 am    Post subject: Thinking of building on lot I have mortgage on Like 0 Dislike 0 I am thinking of selling the house I have on my property to be moved and building on it, but I am not sure if I can do this. I do have a mortgage on it. Can I do this?
jerry Moderator Joined: 17 Oct 2005 Posts: 2708 Location: MICHIGAN 429.63 Dollars($)	Posted: Fri Sep 24, 2010 2:39 am    Post subject: Like 0 Dislike 0 Hi Rodriguez, You will be able to sell off the property but you need to pay off the mortgage in full once the property is sold off. Once you sell off the property and pay the dues in full, you can build a new home on the lot. Thanks, Jerry

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