Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
can a house be built on a lot that is used as collatera?
1 Answer
- sciencegravyLv 77 years ago
You mean "collateral"?
Well, yes - but if the land is then lost due to default of the agreement, it's possible that you may lose access to the house, or you'll have to pay rent to keep the house on the land, or, depending on the terms of the collateral agreement - the house my be forfeit along with the land.
I would NOT build a house on land that is part of a collateral deal until the term of that are finished, and you know who owns the lot.