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re: House buying advice/planning for the future

Posted on 2/28/15 at 2:56 pm to
Posted by MoreOrLes
Member since Nov 2008
19472 posts
Posted on 2/28/15 at 2:56 pm to
of course if you continued to pay the note

while at the same time tearing the house down and building a new one

i doubt the bank would ever know.

However this would mean that you would be building the new one for cash out of you own pocket.
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 2/28/15 at 6:39 pm to
You'd need t get a demolition permit to tear the house down, and I doubt you'd get a demo permit on a structure with an outstanding mortgage.
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