Defaults,Foreclosure, Bankruptsy?

Need assistance with a possible default in a few house investments gone bad in two states, need to know how best to endure and brace myself for the stom or overcome and come out better than expected, what will occur in Foreclosures? How hard will these investments affect my credit and my personal checking and savings?

Well 1st of all, where are they, that's going to affect the actual hit that you are going to take. 2nd, go kill your accountant. 3rd: Why are you going into foreclosure anyways? I would recommend refi'ing those properties immediately to avoid foreclosure. There are several different avenues for that, and even in the hostile mortgage market that is out there right now, the lenders DO NOT WANT to take your house. They have to take it as a loss when they do that, and they are def. not interested in that. If you want to contact me directly, just respond to my yahoo address. I do this for a living, and though I'm on the west coast, the lending is the same everywhere, so I might not be able to help you, but I can point you in the direction to go. :) It will get better, I promise.

You will definitely need to retain a lawyer for each state. Laws vary state by state. It will affect your credit but if you find good lawyers, it won't be as bad as if you did it on your own. Check out the website martindale.com This keeps track of attorneys and rates them. You can always check out that certain state by calling the state bar. Just look up the state capitol info. and it should be in there.

How can you be investing in real estate if you don't know these basics of the risk side of the business? From now on put your money into a savings account or government treasury until you learn enough about an investment to make it responsibly.

I recommend buying pre-foreclosures instead of foreclosures. Get them Before the bank gets them and perform a short sale on the property to create a massive amount of extra equity...which in turn will make it very attractive in the asking price and an easy property to sell quick.

To get What You Need...To Get The Deed from Short Sale Sellers...Just visit:

http://easy.to/getthedeed

To get the money for short sales, get a hard money loan. I recommend visiting:

http://dipurl.com/privatefundingnow

MUST SEE FORECLOSURES
Look at this website before you buy. It saved me tons of money when I bought my house:

www.govntforeclosures.blogspot.com

Don't get ripped off.

www.consolidatedsg.com/remelody

Checkout the above website, they may be able to help you. They helped a friend of mine.