Minggu, 11 Maret 2012

If I foreclose on my income property, can they take my house?

Question by RH: If I foreclose on my income property, can they take my house?
Hi there. I have a house in California that I don't want to lose. I also have a condo that I used as income property in order to buy our house. The rate is about to increase, and I won't be able to afford the condo payments anymore. The condo is vacant (my tenant moved out and the rent rate won't match the new mortgage rate) and it's on the market, but not selling. In two months, the rate goes up to high for me to

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