Can a lender from a second mortgage put a lean on my current house?

3 Responses to Can a lender from a second mortgage put a lean on my current house?

1. Dawni Do Right says:

   January 27, 2012 at 9:04 am

   Yes, it is called a deficiency judgement.
   References :

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2. satarnag01 says:

   January 27, 2012 at 9:39 am

   Depends on the state and type of foreclosure. Judiciary foreclosures will allow the lender to get a judgment against you in which they can attach to your other property.

   In California, the second are more likely to 1099 you than to pursue a judgment against you on investment property.

   Regards…
   References :

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3. acermill says:

   January 27, 2012 at 10:16 am

   Yes, they can. If you fail to honor your financial obligation anywhere, it is the choice of that lender to pursue a court judgment, and then use that judgment to obtain liens on your personal property.
   References :

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