forclosure

This is a discussion on forclosure within the Business Bankruptcy forum, part of the Starting a Business category; if you were to forclose on a house that was in an LLC does it affect your personal assets??...

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Old Dec 8th, 2007, 12:39 AM   #1
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if you were to forclose on a house that was in an LLC does it affect your personal assets??
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Old Dec 11th, 2007, 06:58 PM   #2
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Default Re: forclosure

It depends if you also personally guaranteed the loan etc.

and often you would have...

then you could be liable for any deficiency
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