Thursday, April 22, 2010

Open Question: I want to foreclose or short sell my main residence. Will the bank go after my 2 investment properties?

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On my important residence, I hit a 6.5% interest exclusive mortgage with author Fargo. My mortgage evaluate module move up 2% in a assemblage from now, and that module attain it impracticable for me to clear for my mortgage. I proven to do a give modification low the HAMP program but it was refused since they caught that I had 2 assets properties with justness on them... Now, if I end to foreclose or brief sell my home, module the slope go after my assets properties? How can I protect myself better? I springy in California, that's a non aid state. Could I transfer the titles of my assets properties to someone else? Maybe my wife's corporation? How most transferring the titles of my assets properties to kinsfolk members, much as my inlaws?
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