what happens if you let your house go (forecloser) state of Indiana?
Answers (2)
with a foreclosure your credit will take a hit of 200-300 points. Recently Fannie mae & Freddie mac have changed their guidelines on waiting period before yu can buy another house. with foreclosure it is 5-7 years.You could also be subject to a deficiency judgment for the difference between the loan amount and the amount paid.
FIRST ANSWER
Other than being free of a massive debt noose around your neck? The satisfaction of sticking it to the bank.
Didn’t find what you were looking for? Ask a question!
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback