1. Free Legal Help, Legal Forms and Lawyers. TheLaw.com has been providing free legal assistance online since 1995. Our most popular destinations for legal help are below. It only takes a minute to join our legal community!

    Dismiss Notice

Recourse state vs non-Recourse State

Discussion in 'Foreclosure, Repossession, Auctions, Short Sales' started by lizbeth, Aug 27, 2008.

Thread Status:
Not open for further replies.
  1. lizbeth

    lizbeth Law Topic Starter New Member

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    0
    My mom live in florida (a Recourse State) and when my dad died she wanted to live in her house but couldn't affort it. I brought the house under my name so the house doesn't go under forecloser. Although I live in Colorado (non-Recourse state). Both my bothers moved in with her so they can help with the mortgage. Now neither of them are paying and I can't afford my mortgage and the florida one. I'm considering a short sell but the house needs work so I might need to ask for a deed in lieu down the road. In either case could the bank but a lien against my house in Colorado? A litigation company said they can help with the lender and agree on a short sell than move to deed in lieu if that doesn't work. but main concern is if the lien can still happen.
     

Share This Page

Thread Status:
Not open for further replies.