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    jawa's Avatar
    jawa Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Jul 23, 2007, 06:44 PM
    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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jul 23, 2007, 06:47 PM
    Its unlikely, but you will still be responsible for the balance of your loan after foreclosure.
    jawa's Avatar
    jawa Posts: 5, Reputation: 1
    New Member
    		  
    #3

    Jul 24, 2007, 08:05 AM
    What steps should I take for returning my house to the bank?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Jul 24, 2007, 08:22 AM
    Ask the bank. But I would try harder to sell. Ask the bank about doing a short sale.
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