Friday, January 6, 2012

When selling a house at a loss, typically how much will banks offer on an unsecured loan...?

So you are selling your house at a loss, you can't cover the difference and you want to bank to lend you the shortfall - is that correct? uming this is it, you're going to need to call and ask them what they will lend you (if anything). If you have good credit they will ume they could get their money and may not think they have to loan you anything, but on the other hand if you have good credit they may be willing to give you a loan based on the crdit. If you have bad credit they may be unwillinng to loan you anything, figuring it would just be a bad debt.

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