Legal Question in Real Estate Law in Indiana

Re: Property Foreclosure Question

If the entity foreclosing gets less on the sale than what is owed, they may seek a judgment for the difference and that will be a lien on the other property.

Re: Property Foreclosure Question

No.

Re: Property Foreclosure Question

I agree with Mr. Padove's statement, however. Under those circumstances, the land (as an asset of yours) could be the subject of a judgment lien -- even though the original mortgage on the other parcel would have no application.

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.