i own 2 properties. if i short sale on the one in CA, can they come after my other house in CO?
Feb 26, 2008 by bam3028 | Posted in Renting & Real Estate
I have a house in CA that is being rented. Adjustable Rate Mortgage - rate went up last summer and we're struggiling to keep it. We can't refi bc we owe more then its worth, and we don't live in the house. We live in our house in CO. some equity,
The quick answer is that they can't come after your Colorado property. Worst case scenario, the bank will 1099 you for the difference on the sale, which i'm guessing is at least that 60K you mentioned if not upwards of 100-200K. However, the Mortgage
TheOnlyChoice | Feb 26, 2008
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