Question:

Are there still any lenders?

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That give loans to borrowers over market value ? like a home equity? line of credit ...possibly a 3rd TD?

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  2. Forget borrowing over 100% on anything.  It's basically an unsecured loan.  

    If you need equipment, these leases are very easy to obtain.  

  3. I hope not.  A house should not be used as a bank.

  4. Very, very few will even give home equity lines of credit and the requirements are incredibily strict.  Loans in excess of equity do not exist any longer.

  5. None that I know of.  We're not even doing 2nd's anymore.  My friend that works at a credit union is still doing 2nd's, but no 3rd's and not over market value.

    Why would a bank loan you money over market value?  Even in an up market the banks don't do that.

  6. Not in this mortgage/loan market.  I know of no lenders (other than Vinnie on the street corner, who collects payments with brass knuckles) who will write for more than 100 percent of appraised value.

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