Posted on: 13th Jul, 2011 02:17 pm
If I forclosed rental property that I have and renter can not make paymets anymore, is my 1st house in danger?
You need to check with your state Department of Real Estate to see if your state allows for a deficiency judgements. Judgements will attach to any real property you own. Some states such as Ca. do not have the deficiency judgement and the only recourse for the foreclosing lender is to take back the collateral. Good luck