Re: Can a secondary lender making foreclose on a home?
Posted by Colleen on January 28, 2009 at 19:25:19:
In Reply to: Re: Can a secondary lender making foreclose on a home?
Posted by NJD on January 28, 2009 at 11:53:20:It all depends, did this friend record this loan on the property? I think the most he can do is put a lien on the property then if and when the property is sold the lien will be required to be paid off. The friend would be better off renegotiating terms for repayment.
Follow Ups:
- Re: Can a secondary lender making foreclose on a home? - dr 22:41:12 01/28/09(1)
- Re: Can a secondary lender making foreclose on a home? - steele in minnesota 06:26:19 01/29/09(0)
- Re: Can a secondary lender making foreclose on a home? - steele in minnesota 06:26:19 01/29/09(0)
