[StBernard] sba loans

[Westley Annis]

Westley,
 

>From what I understand with SBA, they do hold the old property as collateral

unless or until you purchase another home.  Any proceeds from that property,
such as lawsuits (I'm assuming Murphy money) will be applied to the SBA
loan.  I was not told anything about it being restricted from future FEMA or
SBA loans.
 
If anyone knows anything different or if I'm wrong, please tell me.
 
TJH