I have land and thinking to foreclose. Can the bank can ask for judgment against us for the lost? Any advise Please.?

Asked by Daphne, Scottsdale, AZ Fri Jul 8, 2011

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Deborah Grif…, Agent, Scottsdale, AZ
Fri Jul 8, 2011

You should contact an attorney and explore your options. It shouldn't cost too much to ask a couple of questions. You want to make sure you understand the legalities in doing so prior to making your decision.

Hope this helps and best of luck!

Deborah Griffin
Scottsdale Realtor
HomeSmart, International

Cell: 480-403-1860
1 vote
Ann Griffin, Agent, Mesa, AZ
Sat Jul 9, 2011
Hi Daphne. My collegues have given you helpful advice below. However, be aware that you don't make the decision to foreclose, the bank does. Do get an attorney's advice so you know all your options. Real estate agents are not qualified to give this kind of advice. Best of luck.
0 votes
Ron Thomas, Agent, Fresno, CA
Fri Jul 8, 2011
Please go to the BLOGS and read a bunch of them:
I wrote a BLOG titled UPSIDE DOWN.

You'll get a lot more info that way and I won't have to repeat everything.

You should also search DEFICIENCY JUDGEMENT

Good luck and may GOD bless
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