Re: offering a house not owned by the borrower to a bank as security for obtaining a house loan
May 31, 2026
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Real Estate Law
► I have a house which I intend to sell to a prospective buyer
He has informed me that he is running short of the sale price by a certain amount
He now wants to offer my house as a security to obtain a loan from a bank for the shortfall amount
Is this an advisable course of action
Please advise
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