Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

  • kerrigan778@lemmy.world
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    11 months ago

    A common way that I don’t see mentioned here is that it is common to take out a loan using your home as collateral, something like a major business loan not panning out or a mismanaged personal loan can absolutely end up letting the bank seize your house to pay off the loan.