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Old 11-19-2008, 05:49 AM
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Default What is the difference between bankruptcy and...

...foreclosure? We have been trying to sell our home since last summer. We purchased a condo in September for half it's value. We have wondered if we just quit making the payments on the house will the bank come after our condo and any other assets (we have no more investments or cash reserve...we used it to pay cash for the condo)? We both have good paying jobs could they come after our paychecks? We live in Michigan.
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