QUESTION
Can a creditor take my property if I have a lien on through another bank?
Asked on Mar 19th, 2015 on Debtor and Creditor - Oklahoma
More details to this question:
We got a loan through our bank and used our property as collateral. We just found out that we might get sued on another property that we had let go back to a different bank. Can they take our property with a lien on it that's through a different bank?
1 ANSWER
The mortgage lien can be assigned from one lien holder to another. I would need to know more facts.
Thanks,
Brian
Answered on Apr 16th, 2015 at 3:49 AM