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Thread: Foreclosure Credit Question
- 06-07-2010, 10:25 AM #1
White Belt
- Join Date
- Jun 2010
- Posts
- 4
Foreclosure Credit Question
Hi,
I have 2 rental properties that have been on the market for about 18 months, I've lowered the price to where I can't recoup any equity, just hoping to pay off the bank, but people aren't even looking at them. I've exhausted all savings, and am ready to just walk away. If I walk away and let the bank take them, will that be 1 hit to my credit, or will the hit double for having 2 foreclosures?
Thanks for your help.
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It'd be double - unless you only have one loan for the both of them.
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