Tips on Property Investment » Property Foreclosure http://property-investment101.com The Best Investment Properties Advice Wed, 30 Dec 2009 20:08:52 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 I currently have a invest property that will go into foreclosure. Can the bank take my primary residence? http://property-investment101.com/property-investment-advice/i-currently-have-a-invest-property-that-will-go-into-foreclosure-can-the-bank-take-my-primary-residence/ http://property-investment101.com/property-investment-advice/i-currently-have-a-invest-property-that-will-go-into-foreclosure-can-the-bank-take-my-primary-residence/#comments Mon, 31 Aug 2009 18:15:12 +0000 admin http://property-investment101.com/property-investment-advice/i-currently-have-a-invest-property-that-will-go-into-foreclosure-can-the-bank-take-my-primary-residence/ property investing
linda m asked:


I am concerned. I am in the first stages of this situation and i called the bank the other day telling them i could no longer afford the payment. I would like to work out an afforable payment plan with them but i have my primary residence which has a quite a bit of equity and also another investment property which also has equity in it. i am concerned that they will want to secure the payment plan by possibly placing a lien or something on one of the properties and if i can not afford the pymnt in the future my biggest concern is them taking my own primary residence. also when i got the loan i think they are under the impression that the house that is going into foreclosure is my primary residence.
i live in southern ca

Yvonne
]]> http://property-investment101.com/property-investment-advice/i-currently-have-a-invest-property-that-will-go-into-foreclosure-can-the-bank-take-my-primary-residence/feed/ 4 What is the effects of letting an investment property go into foreclosure? http://property-investment101.com/property-investment-advice/what-is-the-effects-of-letting-an-investment-property-go-into-foreclosure/ http://property-investment101.com/property-investment-advice/what-is-the-effects-of-letting-an-investment-property-go-into-foreclosure/#comments Thu, 30 Oct 2008 12:31:10 +0000 admin http://property-investment101.com/property-investment-advice/what-is-the-effects-of-letting-an-investment-property-go-into-foreclosure/ property investment
ceeze07 asked:


I have been trying to find out what happens when letting an investment property go. Is it the same as a normal foreclosure or short sale, where you get taxed on the difference? Or is there some other route this takes. Just a question not my situation!

Holly
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