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Old 09-16-2008, 04:46 PM
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Default 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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Old 09-16-2008, 05:00 PM
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Hey thereForeclosure can be a very complicated subject. You really need professional help when dealing with it. I've included a site below that helped me get through my troubles.Thanks
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