Foreclosure Avoid » Someone

What Will Happen To Other Property If Someone Has A Foreclosure ? ( Please Read Details )?

Tue, 23 Feb 2010 20:29:00 +0000

I am trying to help a family memebr avoid bankruptcy and her situation is dire . She lives in an area where the real estate market has stalled out . Her primary residence has a huge payment plus two home equity loans . She has a smaller house that she had been renting out just to make payments . The tenants moved out with no notice . Each month she gets deeper into debt . If she were to sell either house she would still be upside down on the loans . She is at a point where she is not able to pay the larger loan . What will happen to the two equity loans if she goes into foreclosure ? Her credit is already pretty well destroyed .

Could Someone Share Their Experiences With Foreclosure? How It Affect Their Lives.?

Thu, 04 Feb 2010 19:54:24 +0000

If you have gone through foreclosure with your properties, how did it affect your lives and where, did the lender go after your assets, were you able to get a loan or credit cards? Did you regret what you did? I read a lot of advices to avoid foreclosre but would like hear from someone that had went through this hardship.

Could Someone Share Their Experiences With Foreclosure? How It Affect Their Lives?

Wed, 30 Dec 2009 20:02:30 +0000

I have read everything about avoiding foreclosure, but would like to hear from someone who has recently gone through it. There are so many homes in foreclosure that I feel like just letting mine go back, everyone else is. If my credit is ruined, then so is everyone else’s. Would the bank put leans on my other property and/or garnish wages? The stress and my health is not worth it. Thoughts?