---

Is my second property at risk because of a foreclosure on my 1st property

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
dortega Joined: 30 Mar 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Mar 30, 2010 2:21 pm    Post subject: Is my second property at risk because of a foreclosure on my Like 0 Dislike 0 I had two loans on my primary residence with countrywide. BofA took over, kept the 1st and sold the second to a collection agency Real Time Solutions. The property is set to foreclose in a week. My name is on a deed not the loan of anothe property. Is this property at risk?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Tue Mar 30, 2010 8:36 pm    Post subject: Like 0 Dislike 0 Hi dortega, If the sale of the property does not satisfy your mortgage dues, then the lender can place a lien on your property in order to recover his dues. As far as the collection agency is concerned, they too have the rights to collect their dues from you. If you're unable to pay the dues, then the collection agency will sue you. _________________ Procrastination is the enemy of your financial success

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0