We bought a lot in Ocean Ridge that after 2 years is still not developed. The loan is secured by the

Asked by Brenda Pickering, Baltimore, MD Thu Feb 5, 2009

property itself. What is the downside of walking away and forfeiting our initial investment? Will they pursue attaching our other assets?

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Fred Thorne, Agent, Sunset Beach, NC
Thu Feb 5, 2009
There are quite a few owners that are in the same position as you. I have been a resident of Ocean Ridge for 10 years and it is in my opinion one of the nicest communities in Brunswick County. I will do some research on your property location and history.

If you would like; please give me a call and I can share with you what some others are doing who are in your situation and maybe share some ideas with you.

Fred Thorne
Fred Thorne Realty
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Linda Hinson, , Sunset Beach, NC
Thu Feb 5, 2009
You need to consult a real estate attorney. Email me for a referral. linda.hinson@coldwellbanker.com
Web Reference:  http://www.LindaHinson.com
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