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    Paolopizza's Avatar
    Paolopizza Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 14, 2010, 05:25 AM
    If you own two homes and one is in foreclosure, can they put a lien on first home?
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    May 14, 2010, 05:28 AM

    Generally no, but it is possible for them to attach other assets to recoup their losses.
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #3

    May 14, 2010, 07:38 AM

    Agreed. Not unless it was collateral on the foreclosed loan.
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