foreclosure question/what happens to the money owed?

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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

Follow Ups:

• Re: foreclosure question/what happens to the money owed? - Jake 09:21:54 02/24/05 (0)
• Re: foreclosure question/what happens to the money owed? - Jake 08:26:21 02/24/05 (0)
• Re: foreclosure question/what happens to the money owed? - Stacy 16:14:51 02/23/05 (0)
• Re: foreclosure question/what happens to the money owed? - Ray 14:54:44 02/23/05 (0)

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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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