Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 12 years ago on . Most recent reply

User Stats

163
Posts
4
Votes
Shannon X.
  • Real Estate Investor
  • Center Moriches, NY
4
Votes |
163
Posts

Lost on something...

Shannon X.
  • Real Estate Investor
  • Center Moriches, NY
Posted

Let's say someone stops paying their mortgage, due to losing their job, however they still have a 100k mortgage on the house. Now at this point the bank takes the house away. Now when they sell the house as foreclosure are they gonna try to sell it for what the mortgage was worth at 100K or will they try to make more then what is worth OR do they sell the house for whatever they want like 90K and then you are responsible for paying that back mortgage?

Clueless right now :)

Thanks

Loading replies...