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Financial Planning / Tax Strategies


Subject:  Re: Loan Foreclosure Question Date:  10/8/2001  12:16 AM
Author:  ptheland Number:  54452 of 132523

I don't have any direct experience, either. But the understanding I have agrees with the others that have responded. I think the bank will go after the easiest mark first. I'm not sure that would be C, but I would think they would go after any cash they could find held by any of the guarantors. That is the easiest thing for them to work with - no selling of an asset required.

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