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I Have Had Two Homes Foreclosed On Me. Will I Be Sued? – Ana

“Dear Steve,

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Had my 2 homes foreclosed. One was already foreclosed and the second will be finalized on March 26th. I have equity line of credit loan’s and cosidering filing for bankcruptcy because I’ve heard that the bank’s will probably sue me for the amount’s owed on these loans. Help!!!

Ana”

Dear Ana,

The banks will attempt to come after you for the balance owed on the properties after the foreclosure sale.

Many people do decide to go bankrupt in that situation in order to deal with the big debts that can’t be paid.

I would suggest that you find a local bankruptcy attorney or click here for a free bankruptcy consultation. Get a game plan in place now for what you are going to do when the big bills come.


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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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