What are all the legal ramifications of foreclosing on investment properties?
We own 2 investment properties that we are unable to sell and can no longer make the payments on. If we foreclose on them, what are the consequences? Can the bank come after us for the difference once it sells them? Can they come after our house? Will we need to hire an attorney for anything or simply walk away and let the foreclosure goes its course. We do realize this will remain on our credit for 7 years but do not wish to file for bankruptcy. Thank you for your informed answers!
Barbera
2 Responses to “What are all the legal ramifications of foreclosing on investment properties?”
For this one generally it depends on who owns what for example your own house you definitely need an attorney for this one generally it depends on who owns what for this one generally it depends on who owns what for this one generally it depends.
The company you should be discussing with the company you have options other than.
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