What is the name of your state (only U.S. law)? Virginia
I have 2 years left on my mortgage - approx $10,000
I have been told that if I pay it off and I am sued (for whatever reason) that they can take my house because it will be free and clear with no leins on it.
Is this true?
Should I consider refinancing?
It is every homeowners dream to pay off their house but if this is true then I may want to reconsider that my dream may become my nightmare.
Please advise.
Thank YouWhat is the name of your state (only U.S. law)?
I have 2 years left on my mortgage - approx $10,000
I have been told that if I pay it off and I am sued (for whatever reason) that they can take my house because it will be free and clear with no leins on it.
Is this true?
Should I consider refinancing?
It is every homeowners dream to pay off their house but if this is true then I may want to reconsider that my dream may become my nightmare.
Please advise.
Thank YouWhat is the name of your state (only U.S. law)?