California  |  Real Estate Law

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3/31/08, 5:32 pm

Legal Question

Real Estate penalties

I own a house that I have been living in for 4 years. I have a hard time paying the $4000 a month mortgage. If I bought another house that costs half as much and let my current home foreclose. What sort of penalties would I be liable for if any? Would they try to take my new house away from me?


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