Foreclosed Mountain Property
August 20th, 2009
Foreclosed Mountain Property
Question: What is the best way to foreclose on an investment property without ending with debt & taxes?
My realtor is trying to short sale this property, but a bankruptcy attorney recently suggested allowing it to foreclose and for me to file bankruptcy to avoid any debts & taxes. Is bankruptcy the only option for not ending up with a mountain of debts. I'm presently unemployed.
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Answer: Believe it or not, most attorneys are honest....at least with their own clients....lol
If the bankruptcy attorney recommended this to you, then that's most likely your best course given your personal financial circumstances.
Unfortunately, many people are in the same situation as you. I would take the advice of the attorney. I have in the past, and it worked out best for me in my case.
Foreclosure; the Start of Mountain Wind Family
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Tags: foreclosed mountain property colorado, foreclosed property, homes, house, housing, Mountain Property, real estate, realestate
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