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Thread: Foreclosure Credit Question

   
   
  1. #1
    doodah12 is offline White Belt
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    Jun 2010
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    Default 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.

  2. #2
    Magic69's Avatar
    Magic69 is offline Green Belt  
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    Oct 2007
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    Default

    It'd be double - unless you only have one loan for the both of them.

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