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That sounds insane. Does the bank demand the loan repaid if you pay no insurance or how does that work?
by rightbyte 2y ago
That sounds insane. Does the bank demand the loan repaid if you pay no insurance or how does that work?
- WarOnPrivacy 2y ago> Does the bank demand the loan repaid if you pay no insurance or how does that work? They can demand the difference between the loan amount and what the house was disposed-of for. They can come after that money some years later. Some banks do, some don't. I was concerned for 7 years but they never pursued it. note: I worked bankruptcy cases for a couple of years. My own credit union was notorious for relentlessly perusing every possible loan. They gave great terms but know you are going to pay it off.