Posted by Bill on December 08, 1998 at 23:43:26:
Just an idea. Let me get this straight. You now own this house and owe $95,000 ($80,000 forst, plus $15,000 liens) on it, but it is worth $148,000?
If that is the case, just refi it, and take out the $15,000 to pay off the liens. Should not be a problem since after refi you only owe the $95,000 plus costs. In fact, why not pull more money out, and use it to buy another property?
There are always ads in my paper that advertise mortgage lenders who will lend based on the equity. Also in the Yellow pages. Try that.
OR, possibly sell it for the full amount needed plus the extra cash. And move on to the next deal.
Just a thought. Õ¿Õ