Foreclosures Discussion Archive 12

foreclosure question/what happens to the money owed?

Posted by chris from memphis on February 23, 2005 at 13:20:42:

hi, i am getting close to having my house foreclosed on. if it sells for only half the loan, then who is responsible for the remainder, me? does the lender sue me and make me pay it?, thanks, chris

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: hi, i am getting close to having my house foreclosed on. if it sells for only half the loan, then who is responsible for the remainder, me? does the lender sue me and make me pay it?, thanks, chris


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