2007-12-06 06:44:56 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
in most cases you can, but you better check it out and be careful
2007-12-06 06:48:23 · answer #1 · answered by oldmanriver1942 2 · 0⤊ 0⤋
The question is is this a temporary solution, that in the end you will end up losing the land also. Take a look at your budget first, see if there are things you can reduce to make the payment, or is the payment too much to begin with?
2007-12-06 18:00:20 · answer #2 · answered by Pengy 7 · 0⤊ 0⤋
It's possible, depending on the land & it's value providing the mortgaged property is not on than same land. Check with your Banker.
2007-12-06 14:53:39 · answer #3 · answered by MYRA C 7 · 0⤊ 0⤋
Go to the bank and ask them - the lending rules are changing and there are alot of factors they will take into consideration
2007-12-06 14:50:47 · answer #4 · answered by Furn-man 2 · 0⤊ 0⤋