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    propquest1's Avatar
    propquest1 Posts: 2, Reputation: 1
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    #1

    Jul 7, 2008, 06:44 PM
    Foreclosure issues
    Hi,

    When a secondary property is foreclosed, can the primary property be in taken?
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Jul 7, 2008, 06:46 PM
    Welcome to AMHD. Can you try again? I don't understand the question. Is the debt being foreclosed secured by two different properties?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Jul 7, 2008, 06:49 PM
    A foreclosure is against the property that was used as colletral for the loan. If the sale of that property doesn't cover the amount owed then its possible the lender may go after other assets.
    propquest1's Avatar
    propquest1 Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Jul 7, 2008, 07:16 PM
    Foreclosure issues
    Thanks,

    What happens when there is Foreclosure on a second property, in Florida, and that person's name is on the deed and not on the loan of the primary property? Is the primary still in jepardy? Thanks
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #5

    Jul 8, 2008, 06:28 AM
    Posted twice with slightly more info - should be combined for accuracy in answering.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #6

    Jul 8, 2008, 06:55 AM
    I believe my response answers both questions. Please do not start a new thread for a follow-up use the Answet this question, Quote User or Post quick answer buttons to post a follow-up.
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