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-   -   Foreclosure on the 2nd home (https://www.askmehelpdesk.com/showthread.php?t=112840)

  • Jul 23, 2007, 06:44 PM
    jawa
    Foreclosure on the 2nd home
    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?
  • Jul 23, 2007, 06:47 PM
    ScottGem
    Its unlikely, but you will still be responsible for the balance of your loan after foreclosure.
  • Jul 24, 2007, 08:05 AM
    jawa
    What steps should I take for returning my house to the bank?
  • Jul 24, 2007, 08:22 AM
    ScottGem
    Ask the bank. But I would try harder to sell. Ask the bank about doing a short sale.

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