We consigned on our sons mortgage. If they let that go into foreclosure, can the bank put a lien on our home?

General question

Asked on May 30, 2016 under Real Estate Law, Florida

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

The bank cannot directly out a lien on your home. But if, in addition to or instead of foreclosing, the bank sues you for the money and gets a court judgement against you, if you then don't pay, they could at that point put a lien on your home as part of the collections process.


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