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Updated almost 16 years ago on . Most recent reply

Alida D.'s profile image
Alida D.'s profile image
Alida D.
  • from Virginia Beach, Virginia
  • Member since Apr 16, 2009
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32
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Alida D.'s profile image
Alida D.'s profile image
Alida D.
  • from Virginia Beach, Virginia
  • Member since Apr 16, 2009
Connect
Alida D.
  • Virginia Beach, VA
1
Votes |
32
Posts
Foreclosures

is there equity in a foreclosure

Alida D.
  • Virginia Beach, VA
Posted

Can a house go into foreclosure if it has a lot of equity ie. $60,000 ? I would think the bank would work something out with the homeowner if they had that much equity.
I am just trying to determine if I should look and pursue older loans in foreclosure.
Thank you

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