Is it possible to get a hard money loan on a house and leave the country?
Someone I know did this based on his homes equity and I’m wondering at the legal repercussions. He left right after he got the money.He gets a structured settlement, from an accident,the company is based here in the states.
Can this be garnished? Will it be impossible for him to re-enter the country?
Hes my ex, thats how I know all this information…Is anything going to happen to him?
I know credit cards follow you for 8 years, and if you walk out on a house with a full blown mortgage it can follow you for 3 years….
Does anyone know anything about this?