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If My Rental Property Goes In Forclosure Can They Get Liens On My Personal Property And Bank Accounts

Having a dispute with a tenant or landlord? Rental Law discussion

If My Rental Property Goes In Forclosure Can They Get Liens On My Personal Property And Bank Accounts

Postby birkie » Wed Jan 21, 2015 1:55 pm

It depends on whether your loan is recourse or non recourse. Some states do not allow the lender to get relief on anything except the property under mortgage. Other states have other laws which may allow the lender to seek a judgment if the foreclosure doesn?t balance out the loan. Check your state laws.   Geppetto 45 months ago
birkie
 
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