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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: equity loan during statutory redemption period Posted by Rick Harmon on December 22, 2003 at 8:17 PM In Reply to: equity loan during statutory redemption period posted by Priscilla Malone on December 22, 2003 at 5:57 PM : My home has been foreclosed. I have a 35 percent equity in it. How can get an equity loan to redeem it? ++++++++++++++++++++++++++ I presume you mean that your home is in foreclosure but has not gone to sale yet. Since you haven't indicated what State you or the property are in or ay other details it's next to impossible to tell you if there's anything help available. There are a few lenders in Calif. that will do a "partial interest" loan. They're expensive if you can get one, so get over that part now. Generally, you could only borrow a small fraction of what the property is worth, ie., maximum loan to value is 50% or less, then subtract your share of 33% less than loan(s) already on the property. So, unless you have a property that's in foreclosure with a VERY SMALL loan, then this is not a route that's gonna help you. If you post more info, maybe one of us can help if your situation fits the above criteria. Best of luck Rick Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : My home has been foreclosed. I have a 35 percent equity in it. How can get an equity loan to redeem it? : ++++++++++++++++++++++++++ : I presume you mean that your home is in foreclosure but has not gone to sale yet. Since you haven't indicated what State you or the property are in or ay other details it's next to impossible to tell you if there's anything help available. : There are a few lenders in Calif. that will do a "partial interest" loan. They're expensive if you can get one, so get over that part now. Generally, you could only borrow a small fraction of what the property is worth, ie., maximum loan to value is 50% or less, then subtract your share of 33% less than loan(s) already on the property. So, unless you have a property that's in foreclosure with a VERY SMALL loan, then this is not a route that's gonna help you. : If you post more info, maybe one of us can help if your situation fits the above criteria. : Best of luck : Rick Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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