Home » Mortgage Loan » I want to foreclose or short sell my main residence. Will the bank go after my 2 investment properties?

I want to foreclose or short sell my main residence. Will the bank go after my 2 investment properties?

On my main residence, I have a 6.5% interest only mortgage with Wells Fargo. My mortgage rate will jump up 2% in a year from now, and that will make it impossible for me to pay for my mortgage.

I get the same relief from investment… I bought a principal residence with FHA loans in February 2009, but recently moved for work (by the state). My parents live (free rent) in the apartment and I did not pretend tenant poMaintenant refinance…
What constitutes a primary residence? I have lived in my town house for the past 4 years. I am considering buying a new home and renting my townhouse out. If i cant find a suitable renter or if my renter…
my main home has 6 acre field with… private residence relief on sale? i would ideally sell the field with the house,,but would that affect the relief cgt,,,,,ive inherited it and was valued all together,,any ideas please,, also is there any time limit…

I tried to do a loan modification under the HAMP program but it was refused since they caught that I had 2 investment properties with equity on them…

Now, if I decide to foreclose or short sell my home, will the bank go after my investment properties?

How can I protect myself better?
I live in California, that’s a non recourse state.
Could I transfer the titles of my investment properties to someone else? Maybe my wife’s corporation?
How about transferring the titles of my investment properties to family members, such as my inlaws?

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