September Foreclosures
September Foreclosures
What is the difference between bankruptcy and foreclosure?
We have been trying to sell our house since last summer. We purchased a condominium in September for half its value. We wondered if we stop making house payments will come after the bank our condominiums and other assets (investments, we have no reserve of money … we use it to pay cash for development)? We both have good paying jobs that could come after our salary? We live in Michigan.
if you exclude the financial institution will come after the balance after the sale. If you have equity in the condo then wait place a lien on it after getting a sentence in absentia in court. So let's say you are 100k upside down after the sale and have much more that equity in the apartment after the courts will not let go BK over money owed. At some point in time if you refi or sell the condominium Case + Interest have to be met. The other evil that can happen is that garnish your wages until the note is paid, and
Foreclosures and Football in Atlanta – September Talk To Terry
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