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I know real estate investors shuffle equity. Lets say she owns 3 houses and managed to transfer equity to pay off 1 of the houses. Lets say a different house falls victim to market crash of sorts and they can’t find qualified renters, nor does she have the money to pay the note, and she can’t sell. If that troubled house falls, can they go after the free and clear house that is free and clear because equity was transfered from the other house.

3 Thoughts on If you are buying 3 houses and 1 becomes a forclosure, can they take the equity from the other two?
  1. Reply
    Rob
    July 9, 2012 at 11:51 am

    it is call sue you for outstanding
    balances of foreclosure.
    they win u lose other houses to
    pay for foreclosure.

  2. Reply
    Deborah
    July 9, 2012 at 12:24 pm

    In most states no deficiency judgement is allowed in court. They cannot go after anything but the house itself.

  3. Reply
    Landlord
    July 9, 2012 at 12:37 pm

    Since this i investment property they can go after her other assets. She has to pay the deficiency,

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