Posted on: 16th Jul, 2009 08:07 pm
I live in Florida, but have two more properties in Texas, will a short sale or even foreclosure affect my properties in Texas?
Guest
Welcome to the forum
With the short sale, the bank may ask you to pay the deficient amount if you did nto negotiate with them before.
If you forclose the bank can hold you responsible for the deicient amount and thereis a possibility that they can come after your iother asset
Good luck
Welcome to the forum
With the short sale, the bank may ask you to pay the deficient amount if you did nto negotiate with them before.
If you forclose the bank can hold you responsible for the deicient amount and thereis a possibility that they can come after your iother asset
Good luck
there should be no effect on your other properties. with legal questions, you're best served by discussing this with a real estate attorney.
