Re: Lean against mortgage

Posted by Rolla (65.160.212.97) on August 01, 2002 at 05:38:44:

In Reply to: Lean against mortgage posted by K on July 31, 2002 at 08:38:45:

Yes they can, but you can do it first!! If you own a corp, you can take out a loan on your property in the form of a second or third if you already have one. Make the loan out for say 50K more than the property value with say 18% interest. (that should keep up with any equity growth) that way if they do take out a lein they would be behind your 2nd. Only costs 20 or so bucks to file it.

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