I purchased a home in Arizona as a primary home in 2006. It is a rental home now, and I am upside down by over $100,000. The rental income is $1000.00 less than my payment. I have a first and second mortgage that I obtained to buy the property.
I own 2 other houses, one is a rental and one I live in.
If I let this house go back to the bank, can they come after me for my personal assets or other properties?
Thanks!
Laurie
I own 2 other houses, one is a rental and one I live in.
If I let this house go back to the bank, can they come after me for my personal assets or other properties?
Thanks!
Laurie