Monday, June 6, 2011

If one of my properties goes into foreclosure, will the lender who ...

Intellect on Jun 05, 2011 reply

Where are you located? And, they can?t take them away, the other properties are separate, as long as you pay all the costs involved, however, they could come after you if they found out you have other properties, they are only trying to collect back what they might?ve lost by suing you, but it?s not likely to happen, if it was not a short sale, should you owe money they will place liens on the properties, you?d have to transfer title to someone, such as a child or relative, or establish a trust fund, this way, it is not possible, but you must act fast.

Source: http://askrealestateking.com/1703/properties-foreclosure-lender-forecloses-2-properties/

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