Posted on: 24th Oct, 2010 09:52 pm
The bank just denied my application for loan modification. I am debating between short sale and foreclosure. My question is if I decide on foreclosure in VA and defaulted on payments should I move out prematurely,]shd i still owe the bank any money? and would it be wise to hire a lawyer?
Hi Carey,
Even after foreclosure if bank haven't received the desired amount then surely they may come after you for the deficient amount.It is really advisable to hire a lawyer when lender is taking you to the court.Before that you can always answer their each notice by written letter (registered).
Feel free to ask any further query if you have.........
DIPA
Even after foreclosure if bank haven't received the desired amount then surely they may come after you for the deficient amount.It is really advisable to hire a lawyer when lender is taking you to the court.Before that you can always answer their each notice by written letter (registered).
Feel free to ask any further query if you have.........
DIPA