Posted on: 31st Aug, 2009 05:04 am
Is it against the law to sell off other properties owned when your primary residence is in foreclosure?
Hi,
If your primary residence is in foreclosure, it does not affect your other properties. Thus, I believe you can sell your property, unless it is used as collateral for the loan. Your other properties are not attached to the loan in any way, I believe, right? In that case, you can definitely sell off the properties if you want. Your lender should not have any problem with that.
If your primary residence is in foreclosure, it does not affect your other properties. Thus, I believe you can sell your property, unless it is used as collateral for the loan. Your other properties are not attached to the loan in any way, I believe, right? In that case, you can definitely sell off the properties if you want. Your lender should not have any problem with that.
It depends. If they can come after you for the deficiency, then they may be able to go against the other properties.
