Posted by pat on March 29, 2006 at 08:49:29:
i wouldn’t buy the house right from the beginning because after i fix
up the house, i can apply for a loan based on the original loan amount.
100,000 loan balance
needs 10k to be worth 150,000
now when i go to the bank… i apply for a 100,000 or a little more… on
a house thats worth 150,000+ MY concern is that i want to get a
home improvement loan for the 10K, i have the deed, but it has a 1st
mortgage loan in someone elses name.