My question involves a foreclosure in the State of: CALIFORNIA
I have 3 real estate properties, the house I live in, a house rented and a 6 unit apt building. The house I live in has 2 loans; 1st is modified & 30 days in defoult and 2nd which is unsecured will be soon 180 days in default. I am not able to continue making monthly payments and I will have to let the house go. The equity in the rented house is around $50,000 and for the 6 units could be $100,000. As rented, the house & the 6 units break even every month for now. How my 2 rentals will be affected when 1st and 2nd loan holders for the house I live in will foreclose.
I do not know if this is relevant but, the 2nd loan was originally used to purchase the house.
Thank you,

