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what happens to the extra money in my home vaule if the bank forecloses on a loan that is less than

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Icon Mini Profile dlebhardt



Joined: 11 Sep 2008

Posts: 1



1.27 Dollars($)

PostPosted: Thu Sep 11, 2008 12:08 pm    Post subject: what happens to the extra money in my home vaule if the bank

what happens to the extra money in my home vaule if the bank forecloses on a loan that is less than...what happens if I ouw 107,000 on a loan and the bank forecloses on it the home vaule is aprx 325,000 do I get the balance back or do I lose the whole amount
 
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Icon Mini Profile sweeney
sweeney
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Joined: 20 Jul 2008

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25.07 Dollars($)

PostPosted: Thu Sep 11, 2008 6:30 pm    Post subject:

Hello- You would lose the whole amount.
_________________
Mike Sweeney
LionSaves.com - refinance debt

views expressed on this forum are my opinion as a mortgage professional, not legal advice
 
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