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Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
Do mortgage and line of credit holders sue the homeowner who can no longer afford to continue payments?
They may be required to go after any assets you may have. Check with a local attorney.
Info on Rent to Own:
http://www.trulia.com/blog/jimsimms/2011/11/rent_option_or_rent_to_own

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0 votes Share Flag Mon Nov 14, 2011 Foreclosure in 30730
Marc White, Real Estate Pro in Boone, NC
Marc White answered:
When a home is in the process of being forclosed, does the homeowner obligated to pay the electric, gas and water when the homeowner has moved?
I agree 100% with Brenda, there is a moral obligation...but if that is not a concern of yours, there are still liabilities to you for paying all your bills. Each of your service compani ... more
0 votes Share Flag Sun Nov 13, 2011 Foreclosure in 30730
Marc White, Real Estate Pro in Boone, NC
Marc White answered:
When a home is in the process of being forclosed, does the homeowner obligated to pay the electric, gas and water when the homeowner has moved?
I agree 100% with Brenda, there is a moral obligation...but if that is not a concern of yours, there are still liabilities to you for paying all your bills. Each of your service compani ... more
0 votes Share Flag Sun Nov 13, 2011 Foreclosure in 30730
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