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Old 07-25-2009
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JimMcGee JimMcGee is offline
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Quote:
Originally Posted by sailingdog View Post
I doubt a Grampian 26 is worth enough to use as collateral for a loan on the Dockominium.
Quote:
Originally Posted by JimMcGee
I was told it's against banking regs in NJ, so it may vary state to state. Here you have to either take an equity loan against your house, or a loan against your boat - assuming it's worth more than the slip.

Jim

Sailing Dog, that was intended as a general statement about the rules here. But then it seems like everything is more complicated in the People's Republic of New Jersey.

Jim
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