i have family home worth 300,000 outstanding mortgage is 50,000. i have 5 rental properties all in massive negative equity.
apt 1- mortgage 156,000 value now 65,000
apt 2- mortgage 240,000 value now 100,000
apt 3- mortgage 121.000 value now 40,000
apt 4- mortgage 132,000 value now 60,000
apt 5- mortgage 128,000 value now 60,000 (all approx values)
my husband has lost his job a year and a half. can no longer keep up with repayments. would i be better of selling family home and just emigrating. could the banks follow me for the investment debt. will they make me sell house if i stay