Posted on: 20th May, 2009 06:24 pm
If my home goes into foreclosure, am I sill responsible to pay on the mortgage...I can no longer afford my house and I no longer want it, I need something cheaper.
Hi Guest,
If the property goes into foreclosure, you will still be responsible for the deficient amount. However, if your loan is a non-recourse loan, then the lender won't come after you for the deficient amount.
Thanks
If the property goes into foreclosure, you will still be responsible for the deficient amount. However, if your loan is a non-recourse loan, then the lender won't come after you for the deficient amount.
Thanks