Tag: second mortgage
-
Connecticut Beats Down Zombie Mortgages
What if you survived the foreclosure crisis back in 2008…and all of the sudden, now, a bank turned up and told you it’s time to pay back the balance related to a second lien that you thought was written off, a loan you never repaid? This is no joke. As home values soar, lenders and…
-
The Land Equity Loan: When You Hold a Deed to Unbuilt Land
Land without any construction on it (with or without utility infrastructure) has value. That value, minus any secured debt on the land, is called land equity. It’s possible to borrow money from equity. It’s one way to get cash without having to transfer a deed. The cash from equity could fund construction of a home…
