Ask Experts Questions for FREE Help !
Ask
    brender's Avatar
    brender Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 16, 2009, 09:34 AM
    Land Investment Woes
    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's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
    		  
    #2

    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Investment Visa (EB-5) can investment be in company name? [ 1 Answers ]

I am currently just thinking about investment visa. I have a concern and wondering about this. I am knowledgeable about the requirements (capital, employment, other such). However, if I am going to be a member in a new LLC and use this for investment visa, can I make my company (100% owned by...

Tub woes [ 1 Answers ]

I have a moen push/pull knob that will not completely turn off. A slow but steady stream runs all the time. The pull for water works fine but when you push for off it is kind of hard to push in and does not completely turn off. What can I do?

Woman woes [ 9 Answers ]

I'm not sure what the deal is guys, but I can't seem to find a girl these days. I have been single for the better part of 2 years now, and haven't had sex in about 6 months. I either find myself going nowhere with a girl, or just can't find one I want to date. Am I looking to hard, or am I just...

Divorce Woes [ 3 Answers ]

I have to say that when I took my vows on my wedding day I never had any expectation that I would be getting a divorce several years later. I am not really looking for advice, but rather a forum to vent. I feel completely snowed by the man that I married. He made promises to me and he...

View more questions Search