Asked by Terry Marsh, Virginia Beach, VA • Mon Sep 21, 2009
I recently inherieted a property in Elizabeth City, NC that my mother owned free and clear. The tax assessment on the property is $68,000, but it needs about $5,000 worth of work (roofing). Is ther any way that I can get $20,000 out of the property to get work done and pay down some debt? My credit is poor (credit score is 589), but the extra funds would help me to get on track.
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