My question is,if I have 4 or more homes and 2 of them are going to foreclosure can I keep the house I'M in
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Answer:
Only the homes in foreclosure will be taken, not the house you are in. I would suggest that you give some real estate agents in your area a call, and see if they can buy the houses out for lower than the full value just to save yourself the grief of loosing the homes. A lot of agents are or know investors that look for a "Quick Sale" and buy the homes for enough to buy out the foreclosure, and then they flip them for the profit. What will happen is if you loose the homes, your husbands credit will be totally shot, with no chance at recovery for years to come. You may also want to try to contact real estate attorneys and see if you can generate interest with them as well.
You can work with a lender for a "Short-Sale". See here for general information: http://www.ehow.com/how_8132_short-sale. Good luck.
If you don't want to keep the other houses a bankruptcy may be the answer for you. It should allow you to keep your main residence and walk away from the other houses. This however will greatly damage your credit.
If you want to keep just the one house than this may be your best alternative. here is some information we have on Bankruptcy. It is geared to someone using it to keep their home from foreclosure. It does not completely relate to your situation but there may be some points you can use.
http://www.afscanhelp.com/bk.cfm...
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