Does foreclosure mean they can take other properties from you??

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My mother-in-law owns 2 houses in southern Florida鈥he main one she lives in and the investment one she bought several towns over 2 years ago. The second one that she owns and had been renting out is now empty and she can no longer afford the payments. She has been to see her mortgage bank and they told her that it is only after she is 60 days late on payments they have to 鈥渄o something about the situation.鈥?br>

We have been talking and talking for days now and she has decided that the only viable road left open to her is a Foreclosure. She has asked me for information about it and I do not know about Foreclosures.

Does anyone know if her main house 鈥?the one she lives in and maintains a Homestead exemption on 鈥?can be taken from her if she Forecloses on the second one? Does anyone have any real information about this?

Please do NOT respond with advice, about loans, business opportunities, money-making schemes, etc. I really just need Foreclosure information. Thanks very much.

Does foreclosure mean they can take other properties from you??

Yes, they can. This has nothing to do with the Homestead Act.

Your solution might be in the report below. It will help you get at least the fair value for your mother's empty house and avoid foreclosure. In less than a week you may have sold this house.

After getting that report and following their method to the letter I sold my house in Florida in a few days for much more than what the finance company was willing to pay for it. Scumbags!!!.

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Does foreclosure mean they can take other properties from you??

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