Posted on: 23rd May, 2009 06:52 am
WE HAVE A HOME IN ORLAND THE OUTSTANDING LOAN IS $720,000 INTERST ONLY LOAN - THE VALUE OF THE PROPERTY IS NOW MAX $500,000 - WE HAVE MISSED NO PAYMENTS AS YET BUT WILL VERY SOON - i HAVE BEEN ADVISED TO GO FOR A SHORT SALE BUT I NEED TO KNOW - CAN THE BANK COME AFTER ME IN THE UK FOR ANY SHORTFALL - THANKS
DEFINATELY FOR ANY SHORTFALL BANK WILL CONTACT YOU.