Foreclousre

slr · May 29th, 2008, 04:14 PM

If a house is foreclosed on and no deed or title can be found, what is
the legal obligation of the mortgator?

May 31st, 2008, 12:02 PM

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.

Jun 2nd, 2008, 09:17 AM

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

May 29th, 2008, 04:14 PM	#1
slr Junior Member Join Date: May 2008 Location: Kentucy Posts: 1	Foreclousre If a house is foreclosed on and no deed or title can be found, what is the legal obligation of the mortgator?

May 31st, 2008, 12:02 PM	#2
Unregistered Guest Posts: n/a	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.

Jun 2nd, 2008, 09:17 AM	#3
Unregistered Guest Posts: n/a	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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