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Help: 2nd property in FL. Primary home threatened.

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Money Talk > Real Estate

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anthonygonzalez
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Cash: $ 0.25

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Joined: 02 Nov 2009
Location: Queens, NYC
Help: 2nd property in FL. Primary home threatened.  Reply with quote  

I unwisely invested in a second house in Florida (Ocala). I have a primary home in Queens, NY. I can no longer afford the mortgage. I tried to short-sale, but after 5 months of back and forth calls etc. they tell me I can't short sale because my mortgage on the FL home is on time. They tell me if I foreclose then they will put a lien on my primary home and my savings accounts. I can't afford both homes because of bad advice. How do I get rid of the FL home? I don't mind foreclosure, but can they take my primary home like they threatened to do?
Post Mon Nov 02, 2009 11:31 pm
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