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But if I complete the expense/asset form they want before June 13 (which delays foreclosure)they will see that I own another house with no mortgage. Would they then slap me with a judgement lien on this property and prevent me from selling it. Why wouldn't they want the profit to reduce the mortgage I owe them?
What are the ramifications legally if I complete the asset form and leave this property out since it is under contract and due to close Jun 13. The sales price is only $30k but it is all profit since I carry no mortgage on it. I plan to use it to pay credit cards and my current primary mortgage buying me more time to find work.