Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
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 almost 19 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Doug Smith
  • Homeowner
0
Votes |
3
Posts

Question about the process of foreclosure

Doug Smith
  • Homeowner
Posted

Hi, I'm new. I just had a question.

My house payment got to be too much to handle, I was forced to change jobs, abandon the house, and move south for work.

The foreclosure sale is tomorrow, I wasn't able to avoid it thus far by doing In Lieu of, or selling it.

What I want to know is, what happens after they foreclose, what am I responsibile for paying? Other than bad credit, does this just seperate me completely from the property, will I have worries coming up down the road because of this?

Im not interested in keeping the house, I just want out, basically I've walked away.

Its in Michigan, if that is required.

I appreciate any replies here, Thankyou.

Loading replies...