I am 63 years old and I have lost my well paying job and have lots of debts which I am not paying. (I live in Wisconsin)
I cannot afford my house so it is going into a short sell.
I have a small amount of money in retirement which may be enough to purchase a forclosed house in cash.
Is this smart? Should I wait? Can anyone come after the house I pay cash for?

Thanks

Hello Red:

Yup. If you have judgments, they can attach your assets, or at least file a lien against them.

excon