If a bank forecloses on a home, can it keep personal property that is inside?

I have been paying my father $400 a month to pay on mortgage and come to find out that he is not been paying for quite some time and they are threatening to foreclose on the home can they take my personal property

Asked on November 30, 2010 under Real Estate Law, Pennsylvania


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

No, they can not take your personal property inside the home when they foreclose because the foreclosure is for the real property.  They can, though levy against the personal property of the home owner should there be a deficiency judgement rendered against the owner.  A deficiency judgement is one that occurs when the house sells for less than the mortgage.  The mortgage then becomes a creditor and can come after the debtor. You might want to step in here before the matter gets worse.  Speak with your Father.  maybe he wants to hand the house over to the bank and that would be a deed in lieu of foreclosure.  Or maybe he would want to modify the mortgage.  Good luck.

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