2 December 2014 | 10 replies
Took back a property by foreclosing a second lien on additional property collateral to the main collateral back in 2009.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/288211/small_1621441810-avatar-dwayneg3.jpg?twic=v1/output=image&v=2)
15 May 2015 | 12 replies
My credit is horrible so I don't know if I can even use it as collateral to secure a private loan for the earnest money deposit.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/48763/small_1621409819-avatar-gilligan.jpg?twic=v1/output=image&v=2)
30 May 2015 | 11 replies
I owe about 80k on my current mortgage (cost me 578/month), cars are owned outright, one rental property is used as collateral for a 25k line of credit, another comercial rental property is owned by an llc of mine that is owner financed for like 280k (2200/month), 15k on discover card, 4k on another card, 4k and another card.Over half a million in assets counting all the properties and equipment in the businesses.What are your guys thoughts?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/183908/small_1621431639-avatar-kctonyg.jpg?twic=v1/output=image&v=2)
25 June 2015 | 7 replies
They might be able to cross collateralize or have some other options.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/354199/small_1621446196-avatar-eliasm1.jpg?twic=v1/output=image&v=2)
15 July 2015 | 10 replies
As of today, he still owes the loan on the condo he collateralized.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/33644/small_1621366624-avatar-brandonatbp.jpg?twic=v1/output=image&v=2)
19 August 2015 | 3 replies
We bought the stick built for $1,000 and it was good enough for the bank to count as collateral.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/393334/small_1621448734-avatar-earl_g.jpg?twic=v1/output=image&v=2)
10 November 2015 | 17 replies
The original Note was lost, but the Collateral File includes an Affidavit for the lost note that seems to create a complete the history.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/657133/small_1621494838-avatar-jimb125.jpg?twic=v1/output=image&v=2)
20 March 2018 | 2 replies
How do you get private funding for these type projects with the projects collateral standing for themselves.
22 May 2017 | 8 replies
The properties in each loan are securitized as collateral.