Legal Question in Real Estate Law in Michigan

I have had a recent forclosure and would like to buy another home. Would the bank be able to come after the new home for what is owed on the old?


Asked on 11/16/10, 8:47 am

1 Answer from Attorneys
Shelly Schellenberg MI & FL private practice

The bank that foreclosed on your loan can come after any assets you own, unless the bank has signed an agreement that it will not pursue a deficiency judgment against you.. You need a real estate attorney.

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Answered on 11/21/10, 12:39 pm


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