2 properties foreclosing on 1 need help

Posted by misty on October 20, 2002 at 20:06:58:

I currently have the house I have been living in for 3 years, mortage is current, and my previous property which I can no longer afford. In lieu of foreclosing on the previous property, do I have any other options? If not, how does the foreclosing work? How does it affect my perfect credit? If my work transfers me within the next year, how will the foreclosure affect my ability to get another mortage? Sory for all the questions in advance.

Follow Ups:

• Re: 2 properties foreclosing on 1 need help - Michelle 01:27:15 12/19/02 (0)
• Re: 2 properties foreclosing on 1 need help - misty 20:09:22 10/20/02 (1)
  • Re: 2 properties foreclosing on 1 need help - dealmakerdb 23:19:18 10/20/02 (0)

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: I currently have the house I have been living in for 3 years, mortage is current, and my previous property which I can no longer afford.  In lieu of foreclosing on the previous property, do I have any other options?  If not, how does the foreclosing work?  How does it affect my perfect credit?  If my work transfers me within the next year, how will the foreclosure affect my ability to get another mortage?  Sory for all the questions in advance.


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