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Asker

Posted over 13 years ago.

Our new plat and deed were recorded. Our 1st mortgage was foreclosed and sold. The incorrect description on the Euqity loan makes it look like the land we have beside the foreclosed property and 4 neighbors properties are part of the euqity loan. It was only suppose to be the house and 2 acres like the 1st mortgage with the same bank but the bad description has 12 acres without the house. It is a very old description that the previous owners had many years ago before they seperated their land. Many years before we bought it. We aren't sure what to do to be able to sell our land and what problems it may cause our neighbors property. I do have the correct description for our 8 acres. I also had the correct one for the 1st mortgage.

Kevin M. Veler

Kevin M. Veler Construction / Development Lawyer

Posted over 13 years ago.

You have specific issues regarding what portions of land may be secured by your equity deed to secure debt and the impact of foreclosure on the 1st. A general legal information website such as AVVO is not going to be able to provide the answers you seek. You need an attorney to specifically review your documents, the situation and other matters to be able to advise you.

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Asker

Posted over 13 years ago.

Thank you.