Proposal possible Complications
March 15th, 2009 by Questions
a)Im about to go into proposal and I have a rental property. Its worth 90 000$. I have owing 80 000$ on the property. Will my creditors have access to the 10 grand of equity?
b)and my main home is worth about 440 000$ I owe 520 000$ on it. So negative 80 grand equity. Can I just walk away from it and calll it a day or will I have to pay that back?
c)If I stop paying for the mortgage will the bank throw me to the streets? How long does it take to get foreclosed Will they warn me or just show up with no warning?
Posted from: Ontario