Hi. I am going to speak with a lawyer on the 19th of this month but was wondering if maybe someone could answer this....
I have 3 houses, and 3 separate mortgages with Chase. I am ready to foreclose on one of the houses with no equity. One of the other houses is my primary residence and the other is another rental property with about
$40k in equity.
My question is this.. If I foreclose on one Chase mortgage will the try and force me to sell the rental property to pay if it sells for less than is owed? I am considering BK too as we have over $50k in credit card debt I am just not exactly sure how it'd work since we have additional equity in the other rental property..details..details...
Thanks so much in advance and I have learned SO much already from this forum!
Oh I live in South Carolina...
I have 3 houses, and 3 separate mortgages with Chase. I am ready to foreclose on one of the houses with no equity. One of the other houses is my primary residence and the other is another rental property with about
$40k in equity.
My question is this.. If I foreclose on one Chase mortgage will the try and force me to sell the rental property to pay if it sells for less than is owed? I am considering BK too as we have over $50k in credit card debt I am just not exactly sure how it'd work since we have additional equity in the other rental property..details..details...
Thanks so much in advance and I have learned SO much already from this forum!
Oh I live in South Carolina...