2006-08-14 13:22:11 · 5 answers · asked by bbbyrk 2 in Business & Finance ➔ Renting & Real Estate
Most banks will accept the land as collateral as long as it is improved meaning all amenities are in like water , sewer , and etc . You will have to have the land apraised by the bank and they will set the parameters fior the loan .
2006-08-14 13:29:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you own it outright, it can be used as collateral on a loan which can be used as a down payment.
2006-08-14 20:29:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It seems like you can use the title to get a loan to get a house built.
2006-08-14 20:29:37 · answer #3 · answered by highchaparral2006 4 · 0⤊ 0⤋
Go the Bank and explain what are you loking for , ask for advice
2006-08-14 23:11:54 · answer #4 · answered by MIkE ALEGRIA 1 · 0⤊ 0⤋
That would be considered collateral, but not if you build on it.
2006-08-14 20:27:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋