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Missy

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0.10 Dollars($)

PostPosted: Mon Mar 10, 2008 3:45 pm    Post subject: Other properties

Hi..........does anyone know what happens to other properties you have if you forclose on only one??
thanks so much for this site.............

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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3051



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PostPosted: Mon Mar 10, 2008 4:22 pm    Post subject:

Hi Missy,

Welcome to the forum.

After the foreclosure if you owe anything to the lender he can claim a deficiency judgment and may put a lien on your other properties.

Feel free to ask if you have any further questions.

Best of luck,
Larry
 
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Icon Mini Profile Samantha
Samantha
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Joined: 16 Sep 2005

Posts: 1459
Location: MASSACHUSETTS


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PostPosted: Tue Mar 11, 2008 2:04 am    Post subject: RE: foreclosure on one affect another?

Hi Missy,

Legally no lender can take away another property owned by the borrower in default due to foreclosure on one property. To know more on this, please refer to a previous discussion on Whether foreclosure on one can affect the other .

Hope this helps...

God bless you.

Samantha

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Icon Mini Profile jbarto65



Joined: 04 Nov 2007

Posts: 627



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PostPosted: Tue Mar 11, 2008 5:43 pm    Post subject:

I am not sure how something like this works out and you see that you already have two different oppinions already, I would follow the link to the thread and see what the conversation is about. Both answers here seem plausible, but I would think in order for them to put a lein on anything they would have to obtain a judgement, which would mean taking you to court and suing you. Have you talked to the company that plans to foreclose? See what their intentions are? goodluck, hope this all works out to your benefit.
 
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Missy

Guest







0.10 Dollars($)

PostPosted: Thu Mar 13, 2008 7:43 am    Post subject: Much thanks!!

Thank you all for your response to my concern........I'll let you know how it turns out for future reference......again, thanks!
 
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Icon Mini Profile jameshogg
jameshogg


Joined: 20 Dec 2005

Posts: 890
Location: nevada


105.55 Dollars($)

PostPosted: Thu Mar 13, 2008 11:29 pm    Post subject: RE:

You're most welcome Missy. Smile
 
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Icon Mini Profile fireyone_02



Joined: 20 Mar 2008

Posts: 280



2.03 Dollars($)

PostPosted: Thu Mar 27, 2008 5:10 pm    Post subject:

Please be sure to stop back and the best of luck to you during this time.
 
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Icon Mini Profile jbarto65



Joined: 04 Nov 2007

Posts: 627



0.00 Dollars($)

PostPosted: Sun Mar 30, 2008 4:50 am    Post subject:

Look forward to hearing from you again, I hope everything turns out in a positive manner for you, hang in there, things will start looking up with a little hard work.
 
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Icon Mini Profile fireyone_02



Joined: 20 Mar 2008

Posts: 280



2.03 Dollars($)

PostPosted: Tue Apr 01, 2008 4:40 pm    Post subject:

Guess we will leave this one unless the OP decides to stop back.
 
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Icon Mini Profile jbarto65



Joined: 04 Nov 2007

Posts: 627



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PostPosted: Tue Apr 01, 2008 7:43 pm    Post subject:

I am sure the OP will, sounds like things are going to work out after all.
 
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Icon Mini Profile fireyone_02



Joined: 20 Mar 2008

Posts: 280



2.03 Dollars($)

PostPosted: Fri Apr 04, 2008 7:47 am    Post subject:

That would be great
 
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Icon Mini Profile jbarto65



Joined: 04 Nov 2007

Posts: 627



0.00 Dollars($)

PostPosted: Sun Apr 06, 2008 6:43 am    Post subject:

I am sure that it will all work out fine.
 
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Icon Mini Profile fireyone_02



Joined: 20 Mar 2008

Posts: 280



2.03 Dollars($)

PostPosted: Mon Apr 07, 2008 11:20 am    Post subject:

Guess this is another we should leave rest until they stop back. I somehow always hope they do so we can keep updated.
 
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