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Can a mortgage debt from foreclosure be leined against a vacation home?
Wiki User
∙ 13y ago
The answers on this depend greatly on the state the home is in, whether or not the home that was foreclosed was an investment or primary residence, and what type of mortgage debt you're referring to. If you can clarify these points I will be better able to answer your question.
No matter what the answer, no lien can be placed on your other property without a court judgment. Whether or not the mortgage company can take you to court over the debt is what depends on the facts mentioned above.
Wiki User
∙ 13y ago
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Can a lien be put on a pension in NY state for an unsecured debt?
Can my nys pension be leined againist
What happens if you sell a vehicle you've gotten a title loan on can there be legal action taken against a person from the title loan place?
It is a FELONY in most states to sell leined property. Why would you want to do that anyway? Most title loans are the easiest place in the world to let someone ASSUME your loan. Its not like you even have to have credit to get a title loan. Keep your account current and you shouldn't have anything to worry about.
If you are avoiding repossession by hiding your car is it still considered repossession?
that's like saying, "I was speeding, the cop couldn't see me cause I had MY eyes closed". If you are in default of the contract, you are liable to be repoed. Simple and to the point. In most states, concealing(HIDING) leined collateral is a FELONY.
