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Buying A Second Home

Buying A Second HomeHaving a house, buy a second home. What if for some reason, I walk it?

Why would you buy a house if your second already decided to move away?

the "society of wounded mortgage" trying to put a lien on your house remains for the damage they have suffered by your surrender

If the bank does this, it will be impossible for you to sell the house and others of your credit will be screwed (no cars, horrible interest rates on credit cards etc0

you have a foreclosure and ruin your credit for years .. make a loss on one if you do lose you can not sell .. we had to do that ... we moved three states away and took the loss on 15000 nc .. but at least we are protected from under her and our credit rating

There are tons of investors who will buy your house quickly and some will even give you money to help you move and save your credit rating. They know how to deal with banks and negotiating short sales, even if you have no equity. I would not recommend moving away, because a bad credit you wherever you go.
I hope this helps you, good luck!

** And when / if they come after your second home you have to declare bankruptcy to prevent them from putting a lien on the house second

Posted on July 27, 2010.
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