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    chris5's Avatar
    chris5 Posts: 5, Reputation: 1
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    #1

    Jun 14, 2008, 06:06 PM
    Bridge loans
    If you buy a second home with a bridge loan in Nebraska and your first home has not sold what does that mean? Do you lose both properties? Does only the original home get foreclosed on? What would be your penalties?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jun 14, 2008, 06:12 PM
    It means you have to pay both mortages. Which home or was it both that the bridge loan was based on
    chris5's Avatar
    chris5 Posts: 5, Reputation: 1
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    #3

    Jun 15, 2008, 10:13 AM
    Both homes were used.
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