Posted on: 03rd Mar, 2011 03:40 pm
We have purchased a new home and are renting out our condo. The amount we owe on our condo is almost double what we could get if we sold it. If we have to walk away on our condo, can the bank go after our new home?
Hi the2cooks!
Welcome to forums!
The bank can place a lien on your new home in order to recover the deficient balance resulting from the condo.
Sussane
Welcome to forums!
The bank can place a lien on your new home in order to recover the deficient balance resulting from the condo.
Sussane