Do I foreclose on a propery loan that we cannot short sale.

Auburn, CA Viewed 6 times. Posted 4 months ago in Foreclosure

We have a property loan with value of the property now worth 1/3 of the loan. Have spoken to BofA and they will not modify the loan. Short Sale is difficult with BofA. Are the implications of foreclosure. Property is in California. Can BofA come after our primary residence or any other assets? Are there tax implications of a foreclosure?

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