They will discover any mortgage against the same property you're using as collateral when they do a title search. 

All the collateral is intact. 

There are some ways around the Acts, by not directly listing the dwelling as the collateral on the loan, but you already have a relationship with an RMLO.

Unsecured would be fine, no collateral?

I even asked Chase bank in Houston to give me loan using my properties in the State as collateral but got no where with that either. 

Devising any transaction to overcome the marketability issues basically is another predatory matter, selling for more than it is actually worth (reasonably as to market value) selling the buyer on the terms rather than the property value, the terms do not add value to a property beyond what customary financing would cost to accomplish the sale.Property condition also comes into the picture, is the property marketable as collateral for most customary loans?

I can't believe that a "promise to pay" would ever be considered as "collateral".

House as collateral ?  

I was told I may need to use both houses as collateral which I wouldn't be opposed to.

So my last post on that thread was to clarify that: if the broker somehow obtains 50% loan using his own collateral other than the land itself using his own credentials, then of course that would just be his share of "cash".