Posted on: 19th Sep, 2007 01:15 pm
owns four other properties
Hi Tracey,
Welcome to the forum.
If you do not pay back your mortgage, the bank may place lien on your property. They can also sell your property through foreclosure.
Welcome to the forum.
If you do not pay back your mortgage, the bank may place lien on your property. They can also sell your property through foreclosure.
Hi ,tracey. I hope you depict your problem detailedly. We can help you better.
I think you are saying that you own 5 properties.
1 in foreclosure
4 paid on time
The lender if they foreclose can force you to sell the remaining properties and net any of the proceeds. This would get very complicated with multiple lenders on multiple properties.
The only good advice is talk to an attorney in your area.
1 in foreclosure
4 paid on time
The lender if they foreclose can force you to sell the remaining properties and net any of the proceeds. This would get very complicated with multiple lenders on multiple properties.
The only good advice is talk to an attorney in your area.
