Posted on: 12th Jul, 2010 02:47 pm
i am paying an equity loan on my property that belonged to my dead mother. i need to borrow some money; how do I do this? i have a tax sale pending. can i get a second without paying off her loan?
Hi toneyswan,
Have you transferred the property in your name? If not, then it would be difficult for you to get a loan on that property. Moreover, you've also mentioned that a tax sale is pending on that property, in that case, lenders may not be ready to give you a mortgage. They will want you to pay off the tax dues first and then apply for a loan.
Thanks,
Jerry
Have you transferred the property in your name? If not, then it would be difficult for you to get a loan on that property. Moreover, you've also mentioned that a tax sale is pending on that property, in that case, lenders may not be ready to give you a mortgage. They will want you to pay off the tax dues first and then apply for a loan.
Thanks,
Jerry