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Updated about 2 years ago on . Most recent reply

Looking to get a loan on a paid off property in La Jolla CA
We were going to sell our La Jolla property, but a land lease is making things harder. Now we're going to rent the unit instead. It's paid off and we would like to get a little liquid. The land lease is now at 29 years. The property at 9737 Keeneland Row La Jolla Ca. Ideas appreciated
Most Popular Reply

@Huggy Ford- thanks 1) try contacting the smaller to mis size credit unions and banks in the La Jolla area for options 2) do some research on other nearby properties that are in the same situation to see if you can find recent lenders that have made loans to these properties 3) if you still live in the property definitely try to complete this task BEFORE you move out of the property as getting a primary residence loan will be much easier than getting a loan on it when its an investment property .