How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask dkennedy Your Own Question
dkennedy
dkennedy, Lawyer (JD)
Category: Legal
Satisfied Customers: 6009
Experience:  Juris Doctorate Degree
5930486
Type Your Legal Question Here...
dkennedy is online now
A new question is answered every 9 seconds

if i abandon my house or let it go into forclosure what will/can

This answer was rated:

if i abandon my house or let it go into forclosure what will/can the lendor of my mortgage do to me regarding other assets i may own?    what are the downsides to a foreclosure other than negatively effecting my credit. thank you, cecilia

HelloCustomer

 

The lender can take your house back, and cannot go after any of your other assets. The foreclosure is the complete remedy for defaulting on your mortgage.

 

dkennedy and 2 other Legal Specialists are ready to help you

Related Legal Questions