WORLD Law Direct Forums  





Go Back   WORLD Law Direct Forums > Real Estate & Property Law > Buying & Selling Property
REGISTER FAQ SEARCH Today's Posts Mark Forums Read
Personal Lawyer Legal Forms Calendar

Buying & Selling Property Buying and selling real estate property.

Mortgage verses criminal forfeture

Consult Your Own Personal Lawyer Now!
Reply
AddThis Feed Button
 
Thread Tools Search this Thread Rate Thread Display Modes
Old Feb 28th, 2008, 05:21 AM     #1
Unregistered
 
Unregistered's Avatar
 
Posts: n/a

Default Mortgage verses criminal forfeture

I am thinking of selling some property owner financed and wonder what rights I have if the buyer uses the property for illegal activities without my knowlege.

It is scenic private rural property with several mobile homes on it that could be a family retreat for someone or for someone else it could be a place to try to grow pot or have a meth house.

If the property gets seized by the state for being used in criminal activities is my mortgage lien on the property given priority in the process or is it irrelevant and the state takes the property and I get left holding the bag?

Anyone know?
  Reply With Quote
Sponsored Links
Powered by U.S. Legal Forms
Old Feb 28th, 2008, 05:52 PM     #2
Unregistered
 
Unregistered's Avatar
 
Posts: n/a

Default Re: Mortgage verses criminal forfeture

You would get it back unless they can show that you knew or should have known. But you don't want to even get near that kind of problem so inspect regularly and rent to well-qualified folks!
  Reply With Quote
Old Mar 1st, 2008, 02:53 AM     #3
Unregistered
 
Unregistered's Avatar
 
Posts: n/a

Default Re: Mortgage verses criminal forfeture

Actually the question was based on selling the property, owner financed, not renting it.

But I assume my property rights of the mortgage lien would prevail in a criminal forfeitrue case too.

Any more imput would be appreciated.
  Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Add Forum to Google Toolbar | Format Your Messages

Posting Rules

Similar Threads
Thread Thread Starter Forum Replies Last Post
get my name off that mortgage Unregistered Other Family Law Matters 2 Oct 1st, 2008 12:39 AM
mortgage gizmo Wills, Trusts, Estates 0 Jul 23rd, 2008 10:08 PM
Mortgage Unregistered Other Real Estate Law Matters 1 May 9th, 2008 10:49 AM
Mortgage Deed top_admin Legal Help 0 Mar 22nd, 2008 12:27 PM
Mortgage Trouble Unregistered Other Family Law Matters 1 Apr 3rd, 2007 05:20 PM


All times are GMT -5. The time now is 04:00 PM.


Powered by U.S. Legal Forms

Subscribe

Use of the Forums is subject to our Disclaimer which prohibits unapproved advertisements, solicitations or other commercial messages, and false, harassing or abusive statements. All postings reflect the views of the author but become the property of WORLD Law Direct.

Questions and information submitted in the Forums are assumed inquiries for general information and not legal advice.

Copyright 2000-2008 by WORLDLawDirect.com, Inc.