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Impact of Foreclosure on Credit Cards

This is a topic titled Impact of Foreclosure on Credit Cards made in the Mortgage Talk section, belongs to our Mortgage Chat category; Vacation Rental Investment rentals have dried up. Used up most of savings to keep paying mortgage and now property has lost 50% of value and can't sell and no ...








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Old May 4th, 2008, 11:33 PM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default Impact of Foreclosure on Credit Cards

Vacation Rental Investment rentals have dried up. Used up most of savings to keep paying mortgage and now property has lost 50% of value and can't sell and no rentals. If the house goes into foreclosure whether by Deed in Lieu or Foreclosure how does that affect credit cards we have - can they be taken away - balance is always paid off in full.
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