Hi do u know of a form or contingency that will keep the bank from coming back later and trying to sue a seller for the difference of the loan they owed. Example: if the seller owes 70,000 to the bank and the bank accepts a offer of 30,000. They would still technically owe 40,000. How would I make sure that debt is forgiven with a contract the bank agrees to.
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Hi do u know of a form or contingency that will keep the bank from coming back later and trying to sue a seller for the difference of the loan they owed. Example: if the seller owes 70,000 to the bank and the bank accepts a offer of 30,000. They would still technically owe 40,000. How would I make sure that debt is forgiven with a contract the bank agrees to.
Thanks for your time