Hard Money Loans

Typically and in most instances the banks have only one plan. Foreclose, take possession and liquidate by auction. They have few options or alternatives. It is expensive as lawyers, auctioneers, advertising, insurance, storage, etc. must all be paid while liquidating, which of course reduces the net gain to the bank from the process.

If only, it was that easy. Unfortunately, they are smarter than that and have laid a trap for you that many fall into unbeknown to themselves. The personal guaranty is a path to everything you and your wife own.