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Updated over 13 years ago on . Most recent reply

Dan Floyd's profile image
Dan Floyd's profile image
Dan Floyd
  • from Akron, Ohio
  • Member since Oct 16, 2011
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Dan Floyd's profile image
Dan Floyd's profile image
Dan Floyd
  • from Akron, Ohio
  • Member since Oct 16, 2011
Connect
Dan Floyd
  • Akron, OH
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Foreclosures

How bad is foreclosure?

Dan Floyd
  • Akron, OH
Posted

If someone paid 500K of a 600K loan and then forecloses, what do they get back? What if they paid 100K towards a 600K loan?
Do they get fined for foreclosing? Can they continue the same loan with how much they put towards it if they re0buy the same house they foreclosed on?
Does the .gov help pay for like an apartment or something if foreclosing makes a family homeless?
Thanks.

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