answersLogoWhite

0

Yes, it is not unusual for a lender to seek additional security, in the form of a lien on other land or personal property, once you're in default on the original agreement. If the auction goes badly, they don't want to be left without payment of the outstanding balance. As a tenant in common, you have a separate ownership interest that can be attached and liquidated.

User Avatar

Wiki User

18y ago

What else can I help you with?

Related Questions

Can you be on a condo board if it is being foreclosed?

If the association is participating in a bankruptcy process as the petitioner, the association needs your participation. If, however, your unit is being foreclosed upon, read your governing documents to determine whether or not you still qualify to participate as a director -- your ownership now being overshadowed.


Are there any KKK members in Michigan?

Yes...there is a large population of Klansmen in Michigan.


Can inherited property be sold to nonfamily members?

Yes, the estate can sell the property to non-family members.


How many members of the Michigan legislature?

148 Members Legislature 110 House 38 Senate


How many sitting members are on the Michigan Supreme Court?

Seven.


Did any boys to men members live in Michigan?

Yes, members of Boyz II Men have connections to Michigan. Nathan Morris, one of the group's founding members, was born in Philadelphia but spent time in Michigan during his youth. Additionally, while the group is primarily associated with Philadelphia, their tours and performances have brought them to Michigan frequently, creating a strong fan base in the state.


Can you buy a foreclosed home with no money down and poor credit?

Unlikely. Sorry to have to say that because by the nature of your asking the question, I suspect you are wanting to make money by buying real estate foreclosures. At least here in Texas, when you are buying a house at a foreclosure auction, who pay for the house right there at the sale - cash or cashiers check. That is not quite 0 down. The people who tout make money with no money down are telling you to leverage or borrow from family members to get the money. You are just delaying the risk or spreading it around then. I have made money in real estate, but not in foreclosures. I invest and work with several businesses. I have a few articles that speak to these as well as my foreclosure experiences. I spent a year trying to buy foreclosed homes and gave it up because I could not find a deal that made sense.


How many represenitives does Michigan have?

The House of Representatives consists of 110 members


Are there members of the latin counts gang living in Adrian Michigan?

Yes there are afew members who live in the little city of Adrian Michigan. The faction was created in the Michigan department of corrections in the mid 90's. The group is now the cities biggest and most organized gang.


How many members are in the Michigan House of Representatives?

There are 15 Michigan Representatives in the US House of Representatives. There are 110 Representatives in the Michigan House of Representatives.


The make-up of the state legislature in Michigan?

5 members of Michigan started to follow the legislature in 1896. They had a argument to wether or wether not to make Michigan a state. Soon they voted with the Michigan people and that's how it got started


Where are the members of Phil Vassar's band from?

Matt is originally from the Memphis, Michigan area