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01-25-2006, 03:39 AM
| | Junior Member | | Join Date: Jan 2006
Posts: 1
| | | Second Mortgage in Missouri in default
I relinquished my home to our first mortgage owner in April of '05 and now our second mortgage owner is taking us to court. What legal rights do they have to demand money from me since I no longer own the property? |
01-25-2006, 08:56 AM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 36,806
| | Quote: |
Originally Posted by MWRoy What legal rights do they have to demand money from me since I no longer own the property? | They have all the 'normal' legal rights of a creditor. The fact that you no longer own that property is not relevant.
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01-25-2006, 10:35 AM
| | Senior Member | | Join Date: May 2000 Location: Catatonic State
Posts: 71,213
| | | That's correct. MWRoy, read your mortgage documents. The termns and conditions still apply, including the default provisions. | |
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