What about other property, if someone has a foreclosure? (Read details)?
I try to help a family memebrs avoid bankruptcy and your situation is hopeless. She lives in an area where the housing market is stagnant. Your primary residence has paid a huge and two secured loans mortgage. She has a small house he had rented only to make payments. The tenants had moved without notice. Each month it gets more in debt. If it was for sale or home she would always be upside down loans. This is a point that can not afford the larger loan. What will happen to both capital loans if you go into foreclosure? Your credit is already pretty well destroyed.
You are caught in a depression that market.I all properties for sale and trying to get out of debt through the sale of two leases them.Try continue paying all come to tell the lender what you intend do.Try to maintain the house and sell the other two.You need a realtor Savy done.Good opportunity, I wish him the best.
What are the rights of a tenant after a foreclosure occurs?
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