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Foreclosure Questions |
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my question is that if we have two homes one is being sold as lease to buy and the other is our presonal home and our presonal home is going into foreclosure can the bank go after the other home in burney and also if they forclose on our presonal home do we have to pay the amount that is owed on the loan if they can't sell it for the full amount? and can we buy a house cash? |
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I believe California has some special provisions if there's a shortfall when the foreclosure is on someone's own residence. You'd better check that out with your own real estate lawyer; I'm not qualified to answer those questions. As for buying a house for all cash -- you could do that any time. But if you have the cash, why on earth would you allow your credit record to be trashed with a foreclosure? |
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Edith
Originally published on April 26, 2008 |
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