Debts After Foreclosure
When you’re in foreclosure, you might think losing your home is the worst that could happen to you. But imagine losing your home and continuing to owe money on your mortgage. Or losing your home and paying taxes for that privilege. Or even losing your home and continuing to owe HOA dues.
When deciding what strategy you will take while in foreclosure, you need to consider whether you will still owe money on your home even after your home is sold at a foreclosure auction.