Yes, it is possible to tear down and rebuild a house with a mortgage. This process is known as a construction loan, where the mortgage is used to finance the construction of the new home.
No, you cannot tear down a house with a mortgage on it without permission from the lender.
If there is any type of structure on the land it will require insurance..but "raw land" does not require insurance. During to course of construction you will have to carry insurance on the property in case of fire or other hazards. Most lenders want the coverage to be equal to the amount of the loan balance.
No, you cannot tear down a house if you still owe on it because the house serves as collateral for the loan, and destroying it would violate the terms of the loan agreement.
Tear fund is a charity that fights against poverty. It's work helps people all over the world recover from terrible disasters and get their life back together and leave the world with nothing to worry about tear fund needs money to keep it going so donate now at www.tearfund.co.uk
A torn money order can still be utilized for business transactions especially if it is a single tear. You can replace your money order by taking the torn pieces to a bank.
No, you cannot tear down a house with a mortgage on it without permission from the lender.
No you cant because part of your mortage is for the land value and part is for the value of the structure/house.
You have to tear it down untill you get to stable brick. Rebuild from there.
You can go to any autozone or parts house and get any book on any year make of vehicle and most will have an complete tear down and rebuild and diagrams and schematics for the hole nvehicle You can go to any autozone or parts house and get any book on any year make of vehicle and most will have an complete tear down and rebuild and diagrams and schematics for the hole nvehicle
Not trying to be picky but its called Animal Crossing City Folk! No you can't live in the house you tore down! Once you tear down the house you tore it down, its gone. But once you tear down a house keep in mind you tear down a account but once you tear down the house you can make a other account and live in that house!
Tear down and rebuild the transmission, or replace it.
buy a haynes book there about 30 bucks. it has a complete tear down and rebuild of the entire car
If there is any type of structure on the land it will require insurance..but "raw land" does not require insurance. During to course of construction you will have to carry insurance on the property in case of fire or other hazards. Most lenders want the coverage to be equal to the amount of the loan balance.
No, you cannot tear down a house if you still owe on it because the house serves as collateral for the loan, and destroying it would violate the terms of the loan agreement.
Tear it dowm and rebuild.
The person who bought the property plans to tear down the existing house and build a new one.
He had it torn down because it was dilapidated.