Re: home equity loan using land as collateral

On the land only?  Probably not.  Few lenders do raw land loans.

Do you have any other property to tie in?  If not, start negotiating with
the owner that sold you the land, holding the $200,000 note, because there
is not a lender on the planet that will loan at that LTV on raw land.


-- 
Michael Papp
iNet Lending Group
www.iNet-Lender.com
MSN Messenger ID - iNet-Lending


"Robert Henry" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> I own a 23 acre raw property that appraises for about $240,000.  I owe
> $200,000.  Will a bank give me a home equity loan using this land as
> collateral?
>
> Thanks