What options are available if you had to take a loss when selling your house? What kind of loans can you get to pay the difference? Are there tax breaks?
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What options are available if you had to take a loss when selling your house? What kind of loans can you get to pay the difference? Are there tax breaks?
If you have enough good credit, you may get a personal loan, but besides that, there is no loan to pay the difference,
If you can not just pay the difference, you can ask the bank to do a short sale, or basically forget the balance of the debt, Some banks will, others will not, it can take many months to get a decission from the bank
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