Can the Lender put lien on my client's busieness becau?


#1

Need your help please… One of my client is going to foreclose on
their house because, their sandwich shop business has declined and
they owe more than the house is worth. What they wanted to know is "
Is lender on the house
put lien on their business if they foreclose the house?"

I did recommend short sale instead.

Prompt response will be greatly appreciate it.


#2

Hi Candice - the short answer is maybe. Couple of things we need to know. How many loans are on the property? Are all the loans purchase money loans, or were any refinance loans?