rubenwasa

If I wanted to buy a house and the seller asked for cash only, could I get a loan from the bank?

Posted:
3+ months ago by rubenwasa
Topics:
house, bank, seller, wanted, cash, loans
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Answers (3)

Anonymous

i wouldn't trust someone who wants you to pay in cash only when it comes to buying a house. And i don't think the bank would give you a loan for that.

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MichelCle...

I agree. You can not trust those guys who asked for a money in a cash. You can pay him in cash but give him a post dated cheque and clear all the documents within this period and claim your home. Also, do a initial agreement for house by paying small amount to him. So, that he can not sell the same house to other.

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coreyclar...

This is a very rare kind of issue as now a days no seller will ask for cash payment. But if you are facing this problem then you can try to get a bank loan but it will be very difficult to obtain. I have one more suggestion that before buying the house make an initial agreement and give only half of the amount to him.

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