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can you use land as collateral that is free of any liens

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vzsorecords Joined: 12 Feb 2008 Posts: 1 1.26 Dollars($)	Posted: Tue Feb 12, 2008 10:02 am    Post subject: can you use land as collateral that is free of any liens Like 0 Dislike 0 We have land that is free and clear of any liens and we want to borrow money on the land and use it as collateral. IS there any way of doing this in Texas besides a home Equity Loan?
larry Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)	Posted: Tue Feb 12, 2008 2:13 pm    Post subject: Like 0 Dislike 0 Hi Crescenze, Welcome to the forum. You can use the land as collateral if you are interested to take a loan. I think you should consult with a few lenders and shop a bit for a suitable loan program of your budget. Thanks. Larry

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