Legal Question in Real Estate Law in California

If I have a foreclosure on my current home and buy another home for cash can the bank place a lien against the new home?


Asked on 6/06/10, 10:49 pm

2 Answers from Attorneys
Anthony Roach Law Office of Anthony A. Roach

Yes, if they sue you to foreclose, in what is known as a judicial foreclosure, and obtain a deficiency judgment. In that situation, the bank would record an abstract of judgment, which would attach to the new property you bought.

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Answered on 6/07/10, 8:54 am
Terry A. Nelson Nelson & Lawless

Upon the bank [or any other creditor] suing and getting a judgment against you, they will lien on everything you own; all your assets and income.

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Answered on 6/07/10, 12:39 pm


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