Posted on: 30th Sep, 2010 09:55 am
i am defaulting on a home equity loan, the first mortgage is paid, it's a rental property and i can't keep it rented and its dragging me under. i have one other rental that paid and a house i am purchasing.
Hi bjryder,
The lender won't be able to come after your retirement funds if your default on your mortgage payments. However, the lender will be able to go after your savings account, if any.
Thanks
The lender won't be able to come after your retirement funds if your default on your mortgage payments. However, the lender will be able to go after your savings account, if any.
Thanks