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brender
Mar 16, 2009, 09:34 AM
Dear Community:

I bought investment land in New Jersey that didn't sell in the time frame that I thought it would, and has gone into default. Can the bank in New Jersey attach (put a lien on) my home in Pennsylvania for the debt?

Thanks in advance for your assistance.

George_1950
Mar 16, 2009, 10:08 AM
Welcome to AMHD. Generally speaking, yes. It may depend upon how the property in PA is titled. If the lender forecloses, and the proceeds do not pay off the loan, the lender can pursue the borrower by filing suit and obtaining a judgement, which can be recorded in another state, thereby creating a lien.