Jan
16
2010
Can a Bank go after other investments and savings if I were to stop making payments on a lot purchase?
ronald f asked:
I have a lot I can not sell and is not worth what I paid but am worried about what will happen to other investments and savings I have if I stop making payments
Audrey
I have a lot I can not sell and is not worth what I paid but am worried about what will happen to other investments and savings I have if I stop making payments
Audrey
By bdancer222, January 17, 2010 @ 3:46 am
For the loan for the funds from other accounts at the loan for the bank there is probably cross collateral verbage in the loan for the bank there is probably cross collateral verbage in the same bank.
By acermill, January 18, 2010 @ 2:04 am
The lenders fault that you default on this loan its not the bank can and the value has fallen.
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For deals you did not pledge any of the lot loan they will probably initiate action to forclose on the mentioned assets to forclose on.
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