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foreclosure

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nora_perri Guest	Posted: Thu Sep 23, 2010 10:59 pm    Post subject: foreclosure Like 0 Dislike 0 I live in California and cosigned for a friend on a home loan....it is going to foreclosure...Can the lender place a lien on my property? I am worried... _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Fri Sep 24, 2010 6:26 am    Post subject: Like 0 Dislike 0 Hi nora_perri, Welcome to mortgage fit, Irrespective whether you have co-signed the debt or co-borrowed it along with your friend you are equally responsible to pay the debt.So if lender fails to get the owed amount to him after selling the property,surely he/she may come after your property or else may put a lien on the property (after winning case against you in the court). Feel free to ask any further query if you have...... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris

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