Skip to main content

Can the bank/mortgage company that is foreclosing on my investment property come after my other assets

Hilliard, OH |

My investment property is foreclosing. Will they go after my personal property? How can I stop them if they do?

I own my own business how will it affect that as well?

Attorney Answers 1


In most states, banks do have the right to pursue you for deficiency judgment if they take a loss on the foreclosure, once it is completed. If they do, and if they prevail and obtain a deficiency judgment, they can then levy on any assets they find in your name, unless there are specific state law exemptions.

These days, with so many mortgages upside down, the banks face large losses, and so I do expect to see much more deficiency judgment activity in the future.

Mark as helpful

1 found this helpful

1 lawyer agrees

Real estate topics

Recommended articles about Real estate

What others are asking

Can't find what you're looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer

Browse all legal topics