My house is in foreclosure and going to auction in 3 weeks, can the mortgage company come after me for…?
My house is in foreclosure. It will be auctioned in 3 weeks. The bank would like me to try and sell it in the next 3 weeks, which is impossible. They have said if there is an offer made on the house before the auction, they will forgive the difference in sale price vs. mortgage balance. If I let it foreclose they are saying they will come after me for the difference. How do I know if I have a non recourse loan-I live in Calif. or what can they expect to get from me if I don’t have even enough money to pay my mortgage. I am definitely worried about them trying to take what little amount of anything I have left or garnishing my wages. Can anyone help or know the answers?