secure my only property from a lean

roaalbina · Joined: 23 May 2008 Posts: 1 1.26 Dollars($)

if I sold my house on a short sale,but I have another property, can they put a lean on my property?

lisascherzer · Joined: 04 Jan 2008 Posts: 749 0.10 Dollars($)

No, a short sale is the lender accepting a lower payoff on the mortgage as payment in full.

Niicss · Joined: 03 Oct 2005 Posts: 1047 156.17 Dollars($)

Welcome roaalbina,

If the mortgage company or the bank forgives the deficit amount after selling the property then the company will not put lien on your property. But if the mortgage company don't forgive the deficit amount then they have definitely have the right to put lien on your other property and it is your obligation to pay it off.

Let me know if you have any further question.

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