Expert, localized Los Angeles answers provided by Heather Roy

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FAcing Foreclosure

  i'm facing a floreclosure and i have another property and i will like to know if this is going to afect my other property
 
  A lot depends on how much the foreclosure sale brings.  If it isn't enough to cover the debt, the lender may go to court again and get a judgment which can be placed against your other property.  There's no way to give you a definite answer at this point.  State laws differ in this matter.
    Edith
Originally published on July 18, 2007
 
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