If my property is in AZ and I do a DIL or short sale can the bank go after any of my assets in AK?

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Icon Mini Profile ccarlsonak




Joined: 28 Mar 2009

Posts: 3

2.11 Dollars($)
PostPosted: Mon Mar 30, 2009 9:48 am    Post subject: If my property is in AZ and I do a DIL or short sale can the

If my property is in AZ and I do a DIL or short sale can the bank go after any of my assets in AK?...This is not a primary residence and I do own my primary in AK. I was told the bank can not go after my primary home or assets in AK from AZ, is this correct??
Icon Mini Profile jameshogg
jameshogg



Joined: 20 Dec 2005

Posts: 5203
Location: nevada
651.69 Dollars($)
PostPosted: Mon Mar 30, 2009 10:28 pm    Post subject:

Hi ccarlsonak,

As far as I know, if your property is foreclosed in Arizona, the lender will not come after your property in Alaska. In case if the lender wishes to go after your assets in Alaska, he will have to file a lawsuit.

Thanks
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