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Questions Investment Unknown Credit Report Amount
Unknown Credit Report Amount
November 2, 2010,
in Investment
I purchased a condo about four years ago. I took two mortgages. When the real estate market plummeted I let go of the condo to the bank. Just recently I was looking at my credit report and found 10,0000 that I owe in my second mortgage to the bank. What should I do?
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Benjamin Sovacool
November 7, 2010
From the sound of it you didn't short sale the property and instead let it go to foreclosure. I'd say the 2nd was either awarded a judgment against you or the sale of the home paid off all but 10K of the second.
I'd consult a real estate attorney, but in my non-legal opinion it's your bill.
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