Heloc on vacant house for debt consolidation
Thank you all for the great response as usual.
I have a vacant old 12 room 5 baths house in an area of Georgia designated for new downtown. I bought the property via credit card, now it is weighing upon my credit, but I am waiting for the city to go public before I either sell or seek partners to develop.
Can I find a lender to do a heloc on a vacant house for debt consolidation and use the house for collateral? Or any other options that could help me navigate this situation?
Thanks for the guidance.
George