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I currently have an ARM mortgage and soon the payments are going to double since I have been able to only pay the "interest" payments. I will not be able to make the future payments so with that I will have to foreclose.
My credit rating is currently excellent. Will the government have any lieneancy with credit ratings due to the housing crisis and all the forclosures that are happening?
Q: Can the mortgage company take my investments away from me?
Q: What all can the mortgage company take from me when I do have to foreclose?
Repercussions of a foreclosure?
My home is in Southern CA