Legal Question in Real Estate Law in Arizona
questions about forcloseure?
If i was to walk away from my house without selling or making any payments and the mortgage company sells the house for less than its worth...will i be liable for the rest of the money owed on the house?
Asked on 8/13/06, 1:49 pm
1 Answer from Attorneys
James Jenkins
Jenkins Law Center PLC
Re: questions about forcloseure?
Not if it is a residence sitting on less than two and one half acres, but you will have a foreclosure on your credit report.
We have resources to people who buy houses in this situation or help people stay in the home. Call 480.835.1500 immediately if interested in a referral for that with no obligation.
Good luck.
James D. Jenkins
Answered on 8/14/06, 11:40 am