Can a bank keep the deed to my house if I pay it off, if I have another house with the same bank in foreclosure?

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Can a bank keep the deed to my house if I pay it off, if I have another house with the same bank in foreclosure?

I plan on paying off my house in a couple years. I have a rental home that is in foreclosure. They are both financed through the same bank. Can the bank hold the deed to my house when I pay it off or penalize me in any way?

Asked on March 6, 2012 under Real Estate Law, New Mexico

Answers:


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