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    Redbyname's Avatar
    Redbyname Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 9, 2009, 12:18 PM
    Lost job House going into short sale
    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
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Jan 9, 2009, 12:30 PM
    Hello Red:

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

    excon
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