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by anniemay on November 20th, 2006

anniemay

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Can the mortage company put a lien on a heir property, when the owner sign her property over to her children? They want her to sign a deed in lieu of forclosure. Can they still take the property? Plus, the mobile home is still on her property.

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Answers. 2 helpful answers below.

  • by Buzz on April 12th, 2007

    Buzz

    If there is a mortgage on the property it can't be given away..In essence it belongs to the bank until it is paid off..I am looking for a mobile on land of it's own. If you need to sell I have cash..Contact Buzz at buzc@comcast.net..........

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  • by colden on February 23rd, 2007

    colden

    Deed in lieu of foreclosure IS giving the property back to the bank and she will be evicted. If the children want the property they better ante up the loan payments and refinance in their own names.

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