My house in Tennessee was foreclosed on in 2010, and I still owed 72, 861. The bank then sold it through a arm's length transaction.

Asked by Jack Thompson, Chattanooga, TN Sat Jul 28, 2012

The sold it using a corporate deed for $43,000. Am I responsible for the other $29,861? This was my primary residence and I only had the one loan on the house.

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, ,
Sun Jul 29, 2012
You would need to consult an attorney for legal advice. A CPA would be needed for tax advice.
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Lorry Asling…, Agent, Chattanooga, TN
Sat Jul 28, 2012
That is a question for an attorney
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