[quote=sd gal]Personal loan of 12% interest rate is the standard rate I found in many bank websites. My credit score is around 750 even after the short sale. I didn’t take any equity out of my property, I actually lost over 100k paying off secound mortgage myself. Tried to be responsible. Bank only forgave me about 20-25k total.[/quote]

I take it then that the $25K forgiven was off your first TD and that you had to pay off your 2nd TD because you had a gov’t employer who would find it “moral turpitude” and cause for discipline if you didn’t?

Borrowers who take cash out of their pockets to close a SS are in the minority and usually do so because they are subject to periodic background checks at work which include their credit reports.

Did you buy your property (that you sold short) at the height of the market for an inflated price, sd gal?