I've decided to let the bank foreclose on my rental house rather than declare BK. If there is a deficiency judgement entered, will it be a part of my record for forever or will it drop off eventually? Has anyone out there lived through this scenario? what happened? will I have to go to court? I don't have a job so I don't have any wages to garnish, and I have no assets except a 9 year old car and an engagement ring. I bought the house before I married my husband.
Thanks for everything!