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WHAT HAPPENS TO THE HOME OWENER

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Guest	Posted: Wed Jan 19, 2011 6:58 pm    Post subject: WHAT HAPPENS TO THE HOME OWENER Like 0 Dislike 0 WHAT HAPPENS IF THE BANK TAKES MY PROPERTY BACK IN THE STATE OF NEVADA.I HAVE IT UP FOR SALE AS SHORT SALE, BUT I KNOW THIS DOES NOT MEAN THE BANK WILL WORK WITH ME I HAVE A MEDICAL SITUTION AND MY RESERVED ARE ABOUT GONE. I DO OWN A HOUSE IN SARAMENTO, SO BAD CREDIT IS NOT AN ISSUE.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Jan 19, 2011 9:11 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! If the bank takes back the property and forecloses it, then it will have a negative affect on your credit - your scores will get reduced by 250 points. Moreover, the lender will come after you in order to recover the deficient balance. Feel free to ask if you've further queries. Sussane

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