Foreclosure - Rental/Investment Property?
I have 2 unoccupied rental properties (1 in SC, 1 in AR.) I lost my job a couple of months back. I tried to work something out with each of the banks, but they basically said that all of the assistance programs were for primary residences only. It looks like they'll go into foreclosure very soon and I'm having a hard time finding accurate info.What is the process?These are exclusively in my name. I bought them when I was single, but I'm married now. Will my wife's credit be affected?Are the banks allowed to freeze my bank accounts? What about things in my wife's name?Will this affect my primary home?Thanks In Advance.
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