Colli Real Estate

What are all the legal ramifications of foreclosure investment property?

We have 2 units of investment we can not sell and can not make the payments a. If you exclude them, what are the consequences? The bank may come after us the difference a Once the sale? Can they come after our house? Should we hire a lawyer for nothing or simply walk away and let the continued exclusion. We realize that remain on our credit for 7 years, but do not want to declare bankruptcy. Thank you for your responses information!

Hiring a lawyer as soon as possible. Walking away is never, never a good idea. RE your own home: you probably need a lawyer for that. In general, it depends on who owns why. For example, your own home could be owned by yourself, and other properties LLC or other entity.

Bank Foreclosure in Briar Bay, West Palm Beach, FL

Foreclosure Investing – Buying Bank-Owned Properties (REOs) $5.49 Gene Grossman points out the pitfalls to avoid in R.E.O. (Real Estate Owned by the lenders) investing and reveals the ‘secrets’ that infomercial hucksters brag about in their "Get Rich in Real Estate" spiels, including finding properties, negotiating with banks, calculating property value, using title insurance, the 28:36 credit ratio, buying after the auction, and much more.

Tags:   foreclosure · government · housing · realestate · referenceNo Comments