I enjoy 3 properties, 2 hold gone forclosures - can any lenders of those two properites pass off an lien on?
the third property that have equity? Thanks
Answers:
How are they structured?
S-Corp, C-Corp, LLC, Sole Proprietor?
If they're underneath a corp or LLC, afterwards not, I don't believe they can.
They may still come after the business entity for any differences in money amounts after the Foreclosure public sale.
If you own them lower than your own entitle, afterwards the sandbank can attack adjectives of your assets to settle up them what they're owed.
Question though, if one home have equity built up, why are you letting the other run into foreclosure? Pull out your equity to rescue those homes!! Re-fi your own home or use a HELOC to win your investment homes out of Foreclosure!
They can if they return with what is call a fewer judgement.
I agree beside Saber. Depending on what mark the properties are surrounded by, the sandbank could possibly be in motion after the property beside equity. Also depends on what the lenders flog the other properties for...you might be subject to a negative amount decision.
How far along surrounded by the foreclosure process are the other two properties?
Hope this help...
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http://www.taxsalewealth.com
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Answers:
How are they structured?
S-Corp, C-Corp, LLC, Sole Proprietor?
If they're underneath a corp or LLC, afterwards not, I don't believe they can.
They may still come after the business entity for any differences in money amounts after the Foreclosure public sale.
If you own them lower than your own entitle, afterwards the sandbank can attack adjectives of your assets to settle up them what they're owed.
Question though, if one home have equity built up, why are you letting the other run into foreclosure? Pull out your equity to rescue those homes!! Re-fi your own home or use a HELOC to win your investment homes out of Foreclosure!
They can if they return with what is call a fewer judgement.
I agree beside Saber. Depending on what mark the properties are surrounded by, the sandbank could possibly be in motion after the property beside equity. Also depends on what the lenders flog the other properties for...you might be subject to a negative amount decision.
How far along surrounded by the foreclosure process are the other two properties?
Hope this help...
Check out TaxSaleWealth
http://www.taxsalewealth.com