Can a bank foreclose on a home that is no longer legally owned by the borrower?
The answer is yes. Regardless of what is on title, the home itself remains secured by the loan. They can foreclose.
Gilbert, AZ
Corporate and incorporation Lawyer at Gilbert, AZ
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The answer is yes. Regardless of what is on title, the home itself remains secured by the loan. They can foreclose.
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First, ask your attorney. If you do not have one, you should get one. If you cannot or will not get one, then simply file as close to that pay...
This cannot be answered fully here. You will need to speak with an attorney. The fact that it is worth the time to foreclose, suggests that it...
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Your question requires a visit with a probate attorney. To start, the powers of attorney that existed when he was alive are all void at this point...
More than likely you are referring to a "Revocable" living or family trust of some variety. These trusts are created primarily for estate planning...
Contact a mortgage lender and ask. There is no legal reason you cannot do so, it is simply a question of will a lender do it. Be certain you...
The other two answers are correct. That said, to be certain that you are understanding those answers, let me be sure to clarify. While the...