Monday, April 26, 2010

Resolved 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 main residence, I hit a 6.5% welfare exclusive mortgage with Wells Fargo. My mortgage evaluate module move up 2% in a assemblage from now, and that module attain it impossible for me to clear for my mortgage. I proven to do a give change low the HAMP information 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 delude my home, module the slope go after my assets properties? How can I protect myself better? I springy in California, that's a non recourse 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 family members, much as my inlaws?Other Article:

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