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 Barrister Your Own Question
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 33798
Experience:  15 years real estate, Realtor. Landlord 26 years
19958803
Type Your Real Estate Law Question Here...
Barrister is online now
A new question is answered every 9 seconds

I should just let them foreclose?

Customer Question

I should just let them foreclose?
Submitted: 8 months ago.
Category: Real Estate Law
Expert:  Barrister replied 8 months ago.

Hello again,

.

I can't tell you what to do, but if the home won't realistically sell for what the first is, then I find it unlikely that the second would actually follow through and spend thousands on an attorney to pursue this if there is little chance of them getting their money. It is much more likely they are simply trying to bluff you into paying them..

.

So you can always just sit back and see what they do and then bid on the property up to the first mortgage amount if you wanted to keep it.

.

.

thanks

Barrister

Related Real Estate Law Questions