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will the lender check our savings & other asset?

Posted on: 22nd Aug, 2009 08:09 pm
Our rental house got foreclosed early part of this year , currently due to job loss , we already missed a month mortgage on our second house, we are planning to surrender the property to the lender, will the lender go after our savings and other assets? How bad will this affect our credit score, having one house being foreclosed and another one is on the process of shortselling ?
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If you do Deed in lieu, then youshoudl be ok

Good luck and feel free to ask
Posted on: 23rd Aug, 2009 07:17 pm
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