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You may borrower money and use your land as collateral. These are called land loans. There are several companies you might use. Google land loans followed by the city and state in which you reside. Land lenders would normally lend you a maximum of 50%


There are a few that will allow you to buy a mobile home and attach it to your land and they would then have the lien against the whole thing.

But as a rule they do not loan money against raw undeveloped land at all.


I have never heard of them doing this, especially if there is only $1200 remaining. However, they are buying the paper from a company that did not follow any rules so this may be different. They didn't even check your ID. Learn from this though. Mortgage


They probably won't go over your info again, no. Paying off the mortgage ASAP is the best way to avoid getting caught for fraud though.

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