I have been reading you articles about foreclosure and i wanted to ask you a couple of questions.
I currently have a rental property that will adjust in February 2011 and I can't afford to pay the difference of $700 from the rental income i am receiving. I am trying to do a modification however the lender is not willing to help out. If i foreclose on the property can they come after my principal residence? Also how long do I have until they take the property back and my tenant has to move out?
Moocarazi,
The answers to your questions depend on which state your property is located in. Try searching Google for "____ foreclosure laws," replacing _____ with the name of your state.
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