Will mortgage companies come after the lender in
the event of a foreclosure? If I foreclose on rental properties, will the lender always come after me? Due to the downturn in the marketplace, I am struggling to make payments. What are my options?Yes, I am the borrower and the question should state "If the lender forecloses due to lack of payments..." So it sounds like even after foreclosure where the lender repo the property, they will still come after the difference in price of property and loan amount. Correct?
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