An investment property is a property that is not your primary residence and is purchased or used in order to generate income, profit from appreciation, or for a tax benefit. The first thing to know about your investment property being foreclosed on is that your primary residence is safe from the bank. Even if the loans from your primary residence and investment property come from the same bank, your primary residence will not be foreclosed on as a result of an investment property foreclosure unless your primary residence is somehow tied to the investment property. One thing to note, is that the banks can expedite the foreclosure process on valuable, multi-unit investment properties. Just like in the foreclosure of your primary residence, you can contact your loan servicer to see if they have any loss mitigation strategies available for you.
