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| Mortgages, Refinancing, Foreclosure All matters concerning mortgage foreclosure law and refinancing. |
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May 29th, 2008, 04:14 PM
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#1 |
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Junior Member
Last Online:
May 30th, 2008 06:39 PM Join Date: May 2008
Location: Kentucy
Posts: 1
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Foreclousre
If a house is foreclosed on and no deed or title can be found, what is
the legal obligation of the mortgator? |
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May 31st, 2008, 12:02 PM
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#2 |
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Posts: n/a
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Re: Foreclousre
What do you mean?
The mortgagor still has a debt under the loan documents in deficiency states. In states like California the purchase money mortgagor may be finished as to payments...but left with a bad credit record. |
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Jun 2nd, 2008, 09:17 AM
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#3 |
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Posts: n/a
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Re: Foreclousre
First thank you for your reply. I am aware of the bad credit.
I spoke to the lawyer for the bank but they have informed me there is not title to the doublewide which is now in forclouser. How can a bank give a loan on something that does not have a title. I just need to know what will happen with out a title and the bank forcloses |
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