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 akadishah
Joined: 23 Sep 2009
Posts: 1
1.29 Dollars($)
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 Posted: Wed Sep 23, 2009 8:29 pm Post subject: Does a deficiency judgment affect properties outside of the |
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| I own a property in Nevada, and was wondering if, in the event that I foreclose on the property, and that the mortgage lender seeks a deficiency judgment against me, can they place a lien/judgment/go after my properties outside of Nevada, in non-deficiency judgment states? |
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jenkin7
Joined: 04 Jun 2007
Posts: 3429
Location: Hawaii
514.13 Dollars($)
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| Posted: Wed Sep 23, 2009 11:03 pm Post subject: |
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Hi akadishah,
I don't think the lender can go after your other properties located outside of Nevada. If your property in Nevada goes into foreclosure and the lender seeks a deficiency judgment against you, it will be applicable only in the state of Nevada. Your properties in other states are not subject to the laws of Nevada. |
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jheard
Moderator
Joined: 12 Dec 2007
Posts: 599
Location: Houston, TX
98.69 Dollars($)
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| Posted: Thu Sep 24, 2009 7:52 am Post subject: |
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One can enforce a judgment from one state in another state by filing a "sister-state judgment". Therefore, they may go after your properties in another state.
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Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
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