Can a lender put a lien on 2 properties? When my house sells, and my first is paid off, can my 2nd, who will?
not be paid off, transfer or put a new lien on other personal or business property that I may own?
Answers (1)
FIRST ANSWER
I'm not an attorney and you should look at your mortgage documents. I believe they cannot put a lien on a different property. However, if you do not pay off your mortgage in full because the mortgage is more than the house is now worth, they have the right to sue you for the difference. If they win the lawsuit then the judge can put a lien on your other properties.
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Selling in Mayer
View all »
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 14
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback