Posted by Wade on June 03, 2009 at 13:07:01:
We purchased a house 3 years ago and are approximatly 250k upside down. I’m having to walk away from it due to a loss in income. I own 2 more homes in fl. and am going to move back to one of those. Any suggestions on what I can do and what kind of recourse the bank will have in the state of Ca. We did a 80% first and a 20% second for a full 100% financing.
Thanks,
Wade