Log in

View Full Version : If you own two homes and one is in foreclosure, can they put a lien on first home?


Paolopizza
May 14, 2010, 05:25 AM
I own two homes, one is about to go into foreclosure and I owe 100,000 on that home. Once bank takes it can they still put a lien on my primary residence?

ScottGem
May 14, 2010, 05:28 AM
Generally no, but it is possible for them to attach other assets to recoup their losses.

ballengerb1
May 14, 2010, 07:38 AM
Agreed. Not unless it was collateral on the foreclosed loan.