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View Full Version : Can I borrow on this property?


Janedoe1625
Apr 5, 2009, 09:32 PM
If a judgement lien was placed on my property ( civil court).. I know I can't sell the property, but can I borrow if I have enough equity? ( that way I could pay the debt)

Thanks to anyone who knows!

Xyzpdq0121
Apr 11, 2009, 10:30 PM
Quick answer... Nope... You have to pay the lien on it before it can be refinanced or any type of second mortgage can be placed on it.

FYI: you are selling the property when you refinance it. You are selling it to the bank as of the date of the new loan closing! ;)