can mortage co take property

can a mortgage company take our land that our double wide sits on even though there not tied together

Asked on June 5, 2009 under Real Estate Law, Indiana

Answers:

J.M.A., Member in Good Standing of the Connecticut Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

If you own the land and were paying a mortgage which is being foreclosed on, the bank will become the owner and has the right to make you vacate the property (unless the bank wants to lease the land to you).  If someone else is the owner of the land that is being foreclosed on the bank may make you leave after your lease expires.  I would need to know more facts to better answer the question, however, the bank is allowed to take property if the mortgage is not paid.


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