Can I do a bankcrupcy and add my hard money loan?

Jun 13, 2009 in Hard Money Loans

I have a hard money loan against my dads commerical property under my name and I cannot afford it anymore …do you think I can do a bk on the hard money ? thats a lien against my dads commerical property ?

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2 comments

Studly on June 13, 2009 at 3:16 pm

Oh Lord,

Please smite these evil spammers and banish them to a far away place.

May the fleas of a thousand camels infest their armpits! I wish Yahoo would do something.

Anyway, unless you reaffirm the debt they will foreclose on the property. You can’t just excuse this loan and expect them to let you keep the property.
golferwhoworks on June 13, 2009 at 3:16 pm

yes but they will foreclose and it will become theirs

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