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Ok…
Now I am really going to show my ignorance of home lending but why wouldn’t a bank give a loan on this?
With 80 percent down it would be, at least in a traditonal lending enviroment, a sure bet.
Person defaults you get a whole chunk of change and the asset back.
I could see hesitentcy on the part of the bank if it was… say 20 percent… but 80?
CE
