Posted on: 03rd Jun, 2010 04:32 pm
I have several inv props in Fl with over a million underwater in f/c process.Ist one for f/c Monday.I have other cash assets that I'd like to use to by myself a homestead and keep from pending judgements.Wanted to avoid bk for now to keep other assets.
Hi lt!
Welcome to forums!
As your properties are underwater and facing foreclosure, I would suggest you to contact your lender and apply for deed in lieu of foreclosure. As the lender will not come after you for the deficient balance, your other properties will be safe.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As your properties are underwater and facing foreclosure, I would suggest you to contact your lender and apply for deed in lieu of foreclosure. As the lender will not come after you for the deficient balance, your other properties will be safe.
Feel free to ask if you've further queries.
Sussane