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I have 6 properties and am considering foreclosing on 2 of them as they are vacant re

This is a topic titled I have 6 properties and am considering foreclosing on 2 of them as they are vacant re made in the Mortgage Talk section, belongs to our Mortgage Chat category; I have 6 properties and am considering foreclosing on 2 of them as they are vacant rentals,..and unable to sell due to the market. How will the foreclosures effect ...








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Old September 19th, 2008, 11:55 AM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default I have 6 properties and am considering foreclosing on 2 of them as they are vacant re

I have 6 properties and am considering foreclosing on 2 of them as they are vacant rentals,..and unable to sell due to the market. How will the foreclosures effect my future purchase of a property and can this credit be restored before the 10 year mark? Will the credit naturally rebuild with the other 4 properties? Can the other properties be effected by the 2 foreclosures?
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