Posted by Robby C on April 26, 2007 at 01:39:29:
Regarding Cross Collat. Let’s say I go to my Community Bank for a $50,000 loan for a house. They hold a loan already for me, in a property with $150,000 equity. Will Cross Collat-ing allow me to buy 3 of the $50,000 places secured with the $150,000 equity in the one already with the bank?
Thank you in advance, interesting subject,