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Updated almost 6 years ago on . Most recent reply
![Tony Gatto's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/175005/1621421782-avatar-agatto2.jpg?twic=v1/output=image/cover=128x128&v=2)
Hey anybody every hear of equity stripping?
So i get this email and link http://alaiello.com/equity-stripping-jg.htm
Anybody ever hear of this?
tks
Most Popular Reply
![Cody L.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/128824/1621418221-avatar-codyl.jpg?twic=v1/output=image/cover=128x128&v=2)
Let say you own a $100k house that has $60k loan. You have $40k of equity that's at risk of a lawsuit.
Now go to a bank and get loan on that equity. You won't be able to borrow $40k but you should be able to get $20k
Don't draw the funds (unless you want to pay interest).
Boom. You just cut your equity liability exposure in half.
Please send me $499 for the info