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Foreclosure Reprecutions? ON a home that is not our primary residence. Located in Ohio

This is a home my wife owned before we got married. It is located in a severly depressed area of Columbus, OH. We tried selling, renting & the short sale process. We owe nearly $72 K the best short sale offer was $11k. Should we just walk? Can they (mortgage company) come after our primary home?

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January 27 2012 - Olde Town East
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I think that OH may have deficiency judgements if you walk away from what this says here, but you need to get legal advice to be sure. You need to sit down with an attorney on a consult.

Many offer a free first consult or they may discount their rate for your first half hour. You need to see what you can do to protect your primary home. They may also have ideas on negotiating with the bank so that you can protect your other assets.
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January 27 2012
 
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Foreclosure Reprecutions? ON a home that is not our primary residence. Located in Ohio
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January 27 2012 | 1 answers
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