What would be the actual long term consequences of letting a property go to foreclosure beyond the obvious of credit damage , loss of down payment and equity . Have fun Shelly .
JB
JB
Most foreclosures are not from a lack of honor, but a cash flow crisis precipitated by job loss, medical expense or divorce. You will be able to secure another mortgage with reasonable terms in a few years, provided you have a history of paying creditors going forward.
Other than what you mentioned, I'd add personal honor, duty, integrity, and whatever good name you had left.
On a related note. Does anyone know how to find properties in Bay and Walton counties that are in foreclosure or preforclosure. I know you can buy a service but thought their might be a better way.
What would be the actual long term consequences of letting a property go to foreclosure beyond the obvious of credit damage , loss of down payment and equity . Have fun Shelly .
JB
And heat the home by burning Enron stock.Foreclosures? In Florida? In the North Florida? In South Walton & Destin?? How could that be possible?
There's no risk in owning real estate....if anything goes wrong one could just sell it or live in it....or so I've been told.
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