by eyewash
Question by mr Smith: Bad credit home equity loan or line of credit.?
I'm in the process of buying a forclosure for aprox 1/3 of the tax value.
It is a cash only deal, the bank will not accecpt an offer based on a loan. The bad part is it will take almost all my money to buy it. And I have to build a garage for my work.
I want to take a loan out on the house, but I'm scared I won't be able to.
The house is a two story home built in 88, the tax value is $ 117000
I need to
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