Updated over 3 years ago on . Most recent reply
New construction, Vacant lot and banking implications
Hey guys, appreciate your thoughts on this.
We have a vacant lot that we hope to obtain a permit and build a new single family home on.
How does this all work with the current mortgage company? I am guessing Id just have to refinance it? In that case, Do i just owe the bank the value of the vacant lot?? Also, How do I subdivide lots?