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Foreclosure can Small Business

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kaldon Joined: 28 Jul 2009 Posts: 1 1.26 Dollars($)	Posted: Tue Jul 28, 2009 12:07 pm    Post subject: Foreclosure can Small Business Like 0 Dislike 0 Our house is worth $400K less than we paid. We have interest only JUMBO. We owe $925K. If we walk away can the Bank come after our small business? Everything we have is in a revocable trust.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Sat Oct 03, 2009 12:41 pm    Post subject: Like 0 Dislike 0 Insted of walkign away you cna check with yoru ledner if they are willing to do a deed in lieu But to answer the orginal question The lender can come after your assests to collect the deficient amount

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