Tag Archive for: lot splits

Are Lot Splits After Purchase Allowed? Cross-Collateralizing 10 Properties For One Loan

Will my lender allow me to split my lot after I purchase? This is another question we frequently hear from borrowers who buy homes with large lots or who buy homes in areas where cities and counties are encouraging lot splits to foster the growth in housing units. Borrowers can split lots, but they need to remember that their entire property/lot is encumbered by their mortgage. Read More