ONCE THE PROPERTY HAS SOLD AT SHERIFFS SALE FOR A LOT LESS THAN OWED, CAN THEY LIEN MY CURRENT HOME?
Thursday, March 18th, 2010 at
3:57 pm
I own and live in a home in GA. the foreclosure is a condo in FL. when my tenant stopped paying rent I couldn’t make the payments. It goes for sale next month. I am sure it won’t sell for what is owed. I need to know what will happen. I live on social security.
Rent Back Fast
Related articles:
- Do I have to pay rent if the property I’m leasing is listed as a short sale & is in the foreclosure process? I live in Florida. I’ve been paying rent for over two years and I have an unstructured lease agreement. The lease basically states that I have been offered the...
- Sell and Rent Back your Home Through Looking 4 Quick House Sale If you are looking for quick cash, you have the liberty to sell your home without having to leave it. This is possible through a sell and rent back...
- Just found out landlord didn’t pay property taxes & place is to be sold by public sale. What are our options? We just paid our rent for August yesterday and the sale is scheduled for mid-September. Should we start looking for a place to move now or wait to see...
- the home I rent is going in foreclosure. The sale date is in Aug, do I still pay rent? The person I am renting from is letting 15 units go into foreclosure. He did not give the courtesy to let us know they are going in to foreclosure....
- Help! My tenant wont let the real estate agent in to show the property? I own a duplex in Upstate NY. I live in one side and rent the other. I put the property up for sale last month. My problem is, the...
Tagged with: Current • Foreclosure • Lot • Social Security
Filed under: rent property
Your current HOME is safe, however any other investment properties might be fair game.
Yes, since it is an investment property they can come after you for the deficient amount. They can lien any property, seize any bank funds, but they can’t garnish your income if SSI is all that you have.
This is not handled the same as it would be if your home was foreclosed on. You were given money to invest, and you will need to repay it. They may have to wait and take it from your estate, but they are entitled to be repaid.
For less than the short of it sells for less than the short of it sells for less than the amounts owed when you move to sell it and the payments you cant seize someones house or horse so even though they might slap lien on your best bet would seem to take over the short of nuisance than threat.