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    Janedoe1625's Avatar
    Janedoe1625 Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Apr 5, 2009, 09:32 PM
    Can I borrow on this property?
    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's Avatar
    Xyzpdq0121 Posts: 85, Reputation: 6
    Junior Member
    		  
    #2

    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! ;)
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