I live in California and have a rental property in Nevada that is going through foreclosure. Are my assets in California safe?
If a lender forecloses and sells the property, they will credit your account and establish a deficiency. This is the amount you still owe. If the creditor then uses the legal system to pursue collecting this deficiency, they could receive a default judgment against you. That judgment could allow them to have a lien on other property you own. Crossing state lines is possible. You may need to consult with an attorney to settle the matter with the creditor.
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If a lender forecloses and sells the property, they will credit your 