Foreclosure Sale

This is a discussion on Foreclosure Sale within the Mortgages, Refinancing, Foreclosure forum, part of the Buying & Selling Property category; If an investment home is foreclosed on and sold and the proceeds of the sale does not cover the mtge ...

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Old Apr 9th, 2008, 07:02 AM   #1
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Question Foreclosure Sale

If an investment home is foreclosed on and sold and the proceeds of the sale
does not cover the mtge and equity line, can the bank who has the equity
line obtain a judgment and place a lien on my principal residence?
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Old Apr 10th, 2008, 11:31 AM   #2
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Default Re: Foreclosure Sale

--in some jurisdictions they can do that yes, just as they can with any judgment they may have
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