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Should I foreclose?

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homerunkevin

Junior Member
What is the name of your state? CA
3 years ago, I purchase investment condo for 385k in San Ramon and now it goes down to 300k. I put down 40k as down payment and unable to refinance. My interest index rate can goes up as high as 9%. The tenant does have a 1-year lease that expires on January 2009. If I get pre approve loan, I plan buy a 2nd home so that I can live in the next 10 years and walk away from this condominium. Can they come after me on bank checking account or my 2nd home? Is there a company that helps me on going through the process, help repair credit, tax ad visor and so forth? Anyone heard of or have any experience with youwalkaway.com or other foreclosure company? Please advice. Thank you.
 


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