does the bank give you a loan for the sale of the house or can you get a loan for how much the house is worth?


I am looking to buy a house that is on foreclosure but it needs some work. Can the bank give you a loan on the value of the house or just the selling price. I am willing to take a month or month and a half to get things fixed in it for what we like in the house. Or would I have to get a home equity loan seperate in order to do the remodeling?

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