offer on house but there's a shortfall
hi all. i have just recieved a cash offer on my house of 92k, leaving a shortfall of approx 48k owing to the bank. i am separated, 3 kids, 2 in college,no maintenance and living in a rented house.bank have just sent me a massive form to fill out outlining all my outgoings, but i'm worried they'll reject my buyers offer as they'll clearly see i can't afford to pay them back.does anyone have any similar experiences? what did you do?
hi all. i have just recieved a cash offer on my house of 92k, leaving a shortfall of approx 48k owing to the bank. i am separated, 3 kids, 2 in college,no maintenance and living in a rented house.bank have just sent me a massive form to fill out outlining all my outgoings, but i'm worried they'll reject my buyers offer as they'll clearly see i can't afford to pay them back.does anyone have any similar experiences? what did you do?