Is foreclosure the best way to make you pay for your debts?

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Is foreclosure the best way to make you pay for your debts?
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Is foreclosure the best way to make you pay for your debts?

Is this the best way to pay the debts of the house.What do you think.

Two Fingered Salute

No it's rubbish, usually ends with the disposal of an asset at less than true market value.

That said, sometimes it is the ONLY way to recover money owing.

itsamini1

If you start the foreclosure process all that will happen is your loan company with sell your loan to another company and you will have to start all over. I have seen it happen to several people.

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