How will my life really change if I go thru foreclosure on an investment property?
My husband and I will still have 6 investment properties and the house we live in. Our credit score right now is 744. We're in our late 30s. We've never had any debt and have never had trouble getting a loan. So what will life be like after foreclosure?
Sphere: Related Content
President Hillary Clinton sparks full scale DEPRESSION-2010 in USA?
Banks continue to fail, Supermarkets raided by homeless,starving people, Oil a gallon, unheated homes abandoned by the thousands, foreclosure moratorium implodes, no jobs, crammed hospitals turning people away by the thousands, thugs running wild in communities everywhere, jails filled to capacity…no more room or authorties to manage them. moratorium shut down of stockmarket! [...]
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 [...]
Are there any programs to finance debt into a new home purchase?
I am looking at a foreclosure in the Grand Rapids area. It has an appraised value of approx. ,000. I will be purchasing it with an accepted bid of 000. I have a ,000 high interest auto loan I would really like to finance into the purchase at the time of purchase. I have heard [...]
What is the effects of letting an investment property go into foreclosure?
I have been trying to find out what happens when letting an investment property go. Is it the same as a normal foreclosure or short sale, where you get taxed on the difference? Or is there some other route this takes. Just a question not my situation!
Sphere: Related Content
What banks can finance a single family residence under 600 square feet?
Hello. I am attempting to buy a foreclosure in San Diego that is a single family residence with a total square footage of 528. I was told it is difficult for banks to finance anything under 600 square feet. The house is in good shape but its tiny. I need financing asap since the [...]
