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  1. #1
    Join Date
    Nov 2011
    Posts
    4

    Default Can the Bank Foreclose

    My question involves a mortgage in the state of: Florida

    Can the bank foreclose on a property when the mortgage is in one name and the title is three names?

    Two of the owners are living in the house, but the mortage is in the other owners name.

  2. #2
    Join Date
    Jan 2006
    Posts
    21,247

    Default Re: Can the Bank Foreclose

    from your other post:

    My question is my nice has a mortgage on the house in her name, but the title is in her name and two other family members. (added on a Quick Deed years later)
    almost assuredly the mortgage lien is against the entire property. As such, the lender can foreclose and take the entire property as their lien is senior to the additional owners rights.

    Time for somebody to either pay the mortgage loan or the two residents should start looking for another place to live.
    I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.

  3. #3
    Join Date
    Nov 2011
    Posts
    4

    Default Re: Can the Bank Foreclose

    You are right jk, someone better start paying

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