Legal Question in Real Estate Law in Pennsylvania
Real Estate Sale and Liens
If you have co-signed a mortgage and the person you co-signed for is not paying on the mortgage can a lien be put on other property the co-signer owns? Could this hold up the sale of another property owned by the co-signer?
Asked on 4/06/06, 1:04 pm
1 Answer from Attorneys
Gerald Hershenson
Law Office of Gerald M. Hershenson
Re: Real Estate Sale and Liens
A mortgage is only against the real estate that was the subject of the loan. Other properties may be sold without paying off the mortgage against the other property. Gerald M. Hershenson Esq
Answered on 4/06/06, 1:40 pm