View Full Version : Foreclosure on the 2nd home
jawa
Jul 23, 2007, 06:44 PM
I live in California and thinking of returning my second home back to the bank because it will cause me nore money to sell .
Can they run after my primary home that I'm living in right now?
ScottGem
Jul 23, 2007, 06:47 PM
Its unlikely, but you will still be responsible for the balance of your loan after foreclosure.
jawa
Jul 24, 2007, 08:05 AM
What steps should I take for returning my house to the bank?
ScottGem
Jul 24, 2007, 08:22 AM
Ask the bank. But I would try harder to sell. Ask the bank about doing a short sale.