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Jul 11th, 2008, 07:10 PM
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Junior Member
Last Online:
Jul 11th, 2008 07:12 PM Join Date: Jul 2008
Posts: 1
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house poor
I have two houses. I live in one and have been trying to sell the other for a year. Money is getting very tight. The way the market is, the houses are not worth much more than what I owe. Two years ago the I had about 80,000.00 in equity. What would happen if I had to go into foreclosure on one of them. How would that affect my credit and could I loose both houses? I am 51 years old, and have very little money in retirement or invested. I getting deeper in debt because I have had to put some of my daily expenses on credit card.
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