Posted by dewCO on November 13, 2000 at 23:08:14:
Go shopping and find out. Depends on how many lates, when, and for what, and how bad your credit is. with low enough loan to value on the loan it may be OK. But this is vacant land??? Good luck. Banks don’t like vacant land. When you purchase they want at least 50% down often. So they arent’ going to let you take much if an cash out, probably even with a well. But it may just depend on what custom is in your area. So ask in several places.