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What are the consciences of losing a house if you have other

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Icon Mini Profile dzserrg





Joined: 06 Apr 2009

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Post Posted: Mon Apr 06, 2009 12:16 pm    Post subject: What are the consciences of losing a house if you have other
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I have 6 houses I owe 5 of them and 1 I dont. if i i lose one of the houses what will happen with the others. Please help me with this question California.
Icon Mini Profile billjames
billjames




Joined: 27 Mar 2009

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Post Posted: Mon Apr 06, 2009 12:33 pm    Post subject:
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Unless you used them as collateral, the banks can't touch them.
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Icon Mini Profile savior70





Joined: 25 Mar 2009

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Location: Florida
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Post Posted: Tue Apr 07, 2009 7:09 am    Post subject:
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Hi

I believe the lender can obtain a judgment for the deficient amount and put a lien on the other properties, even though they weren't used as collateral.
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