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No, a lender cannot foreclose on land that belongs to someone else. Foreclosure is a legal process that allows a lender to take possession of a property when the borrower defaults on their loan, but it can only be initiated against property that is legally owned by the borrower. If a lender attempted to foreclose on land owned by someone else, it would be considered unlawful and could be contested in court.
What else can I help you with?
If you have a warranty deed on land and a house who owns the house possessions if someone else resides there?
The personal property inside the house belongs to the resident.
Can someone be sued if they don't own the land a mobile home is on and someone gets hurt outside will insurance still cover the land if it belongs to someone else?
The rules vary from state to state. If you tell me which state you are asking about, then I can give you a better answer.
Can you foreclose a mortgage with a copy of the note?
No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.
If Mortgage note is in one persons name and the deed to property is in another can mortgage company foreclose and take both house and land?
Yes. ==Clarification== The mortgage company can only foreclose if the OWNER of the real estate signed the mortgage. If someone other than the owner signed the mortgage the bank has no interest in the property and therefore cannot foreclose.
What word means something or someone that belongs to a certain place?
A person who belongs to a certain piece of land, so that they are sold when the land is sold, is called a serf or villein. A thing which is sold when the land it sits on is sold is called a fixture.
What should you do when you want to hunt on someone else's land?
Introduce yourself to them, and ASK for permission to hunt on their land. It is illegal to go on someone else's land without their permission. It is also very poor manners.
What is the definition of land elevation?
ask someone else...... i have no clue
Who is someone who rented part of someone Else's land?
Also known as a lessee.
What is someone who pays rent to use land or buildings that belong to someone else?
tenant
During the Great Depression some people worked as tenant farmers?
Farming land that was owned by someone else.
In the state of tn if you die without awill ans someone else is deeded the land can your children lay claim to it?
The person is also claiming someone else land without permission or formal consent
Is there any way to see if someone's mortgage is current?
No. You have no right of access to their financial records. You must wait until a notice to foreclose has been recorded in the land records. By that time the default may have been building for months.No. You have no right of access to their financial records. You must wait until a notice to foreclose has been recorded in the land records. By that time the default may have been building for months.No. You have no right of access to their financial records. You must wait until a notice to foreclose has been recorded in the land records. By that time the default may have been building for months.No. You have no right of access to their financial records. You must wait until a notice to foreclose has been recorded in the land records. By that time the default may have been building for months.
