Bitcoin Forum

Economy => Lending => Topic started by: Alphaomegaid on October 08, 2020, 05:40:42 AM



Title: Need 4 BTC loan secured by Modular Home
Post by: Alphaomegaid on October 08, 2020, 05:40:42 AM
14’x70’ Modular Log Home as collateral
Need Loan 6 month balloon interest 20%


Title: Re: Need 4 BTC loan secured by Modular Home
Post by: suchmoon on October 08, 2020, 12:11:56 PM
14’x70’ Modular Log Home as collateral
Need Loan 6 month balloon interest 20%

The one that you're trying to sell (https://bitcointalk.org/index.php?topic=5280694)?

I don't think that's how collateral works. Nor is this a suitable transaction for this forum. Go to a bank.


Title: Re: Need 4 BTC loan secured by Modular Home
Post by: JeromeTash on October 08, 2020, 09:04:02 PM
You probably won't be able to get your 4 BTC loan deal due to the type of asset you are offering as collateral.
In case you missed, Check out this thread (https://bitcointalk.org/index.php?topic=577765.0) to know what kind of collateral is required here

What is considered collateral?

Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.

- The best collateral is another crypto-currency, such as Ethereum (also written as ETH).  Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan.  Try localbitcoins.com

What is not considered collateral?
- Items they want to sell.  They don't want it back, so they will default.  It's scammy unethical behavior and will lead to negative trust.  Check their recent posts!

It's better you just be patient and sell off the house as you intend or try a bank.


Title: Re: Need 4 BTC loan secured by Modular Home
Post by: TheUltraElite on October 10, 2020, 12:16:52 PM
14’x70’ Modular Log Home as collateral
Do you even own it? Even if you did you would have to prove ownership, such things would be better done in the physical methods than online. So it would be better to locate a loan shark nearby than from this forum.

Quote
Need Loan 6 month balloon interest 20%
Pretty high rate, but I doubt you will find anyone. Its better to check the bank nearby of credit groups nearby.


Title: Re: Need 4 BTC loan secured by Modular Home
Post by: Bajank on October 11, 2020, 02:48:22 PM
14’x70’ Modular Log Home as collateral
Need Loan 6 month balloon interest 20%
Maybe you should go to the bank to borrow if you need 6 months to pay this loan looks very funny 4 bitcoins are not a small amount



Title: Re: Need 4 BTC loan secured by Modular Home
Post by: jackg on October 13, 2020, 04:31:33 AM
14’x70’ Modular Log Home as collateral
Do you even own it?

I don't even think it exists.

If anyone goes through with either trade, make sure you do some more advanced research than just looking at the images.


Title: Re: Need 4 BTC loan secured by Modular Home
Post by: Martinsfeelz65 on November 10, 2020, 03:17:28 AM
Can you send me a dm